SSC Exam PYQs on Simple Interest Part 4

SSC Exam PYQs on Simple Interest Part 4

#### A simple interest of Rs. 2500 is earned by investing a sum of money for 13 years. The interest rate is charged at 4% for the first 3 years, 5% for the next 4 years and 8% beyond 7 years. Find the sum of money invested: 1. [ ] Rs. 2568 2. [ ] Rs. 4582 3. [x] Rs. 3125 4. [ ] Rs. 1600 #### If the simple interest on a certain sum of money borrowed for 4 years at 9.5% per annum exceeds the simple interest on the same sum for 3 years 12.5% per annum by ₹225, then the sum borrowed is: 1. [ ] Rs. 2000 2. [ ] Rs. 4000 3. [x] Rs. 9000 4. [ ] Rs. 8000 #### The 12% interest earned on a sum of ₹2,60,000 is to be used for awarding 24 scholarship of equal value every year in a school. What is the value ( in ₹) of each scholarship: 1. [ ] Rs. 2000 2. [ ] Rs. 1500 3. [x] Rs. 1300 4. [ ] Rs. 1600 #### If the simple interest on a certain sum of money borrowed for 4 years at 9.5% per annum exceeds the simple interest on the same sum for 3 years 12.5% per annum by ₹225, then the sum borrowed is: 1. [ ] Rs. 44000 2. [ ] Rs. 40000 3. [x] Rs. 45000 4. [ ] Rs. 38000 #### A man borrowed a certain sum of money at the rate of 6 % per annum for the first two years, 9% per annum for the next three years, and 14% per annum for the period beyond 5 years. If he pays a total interest of Rs. 22,800 at the end of 9 years, find the amount he borrowed: 1. [ ] Rs. 20000 2. [ ] Rs. 40000 3. [x] Rs. 24000 4. [ ] Rs. 16000