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Simple

The document provides a series of questions and answers related to simple interest calculations, including various scenarios and amounts, interest rates, and time periods. It includes problems from different competitive exams, such as SSC and ICAR, focusing on determining simple interest, total amounts, and principal sums based on given conditions. Additionally, it contains answer keys for the questions presented.

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enghaseenkhan
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0% found this document useful (0 votes)
4 views

Simple

The document provides a series of questions and answers related to simple interest calculations, including various scenarios and amounts, interest rates, and time periods. It includes problems from different competitive exams, such as SSC and ICAR, focusing on determining simple interest, total amounts, and principal sums based on given conditions. Additionally, it contains answer keys for the questions presented.

Uploaded by

enghaseenkhan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SIMPLE INTEREST

1. What will be the simple interest (in ₹) earned on an 𝟏


6. Find the simple interest on ₹𝟑𝟎𝟎𝟎 at 𝟔 % per
𝟒
amount of ₹24,000 in 9 months at the rate of 4.25% annum for the period from 5th Feb, 2005 to 18th
per annum? April 2005 (Both dates included).
1. 730 2. 795 (a) ₹35.20 (b) ₹𝟑𝟕. 𝟓𝟎
3. 785 4.765 (c) ₹32.25 (d) ₹𝟑𝟗. 𝟑𝟓
(ICAR Technician 2023)

2. What is the simple interest of Rs.320 at the rate of 7. Archana took a loan of Rs 78,000 from a bank on
𝟏 𝟏
1 % per annum in 2 years? 𝟑
24th January 2012 at 𝟖 % per annum simple interest
𝟐 𝟐
𝟒
1.Rs.15 2. Rs.14 and paid it back on 18th June 2012. Find the total
3. Rs.12 4. Rs.11 amount paid by Archana. (Approximated to nearest
(SSC SELECTION POST XI 2023) integer).
(a) Rs 80,723 (b) Rs 90,730
(c) Rs 85,733 (d) Rs 88,730
SSC CGL 2023 PRE

3. Find the simple interest on ₹24,000 at 18% per


annum for a period of 7 months.
1. ₹2,525 2. ₹2,520
3. ₹2,530 4. ₹2,535 8. The simple interest on a certain sum at the rate of
(SSC SELECTION POST XI 2023) 12.5% per annum for 6 years is ₹13,500 less than the
principal. Find the simple interest.
1. ₹13,500 2. ₹54,000
3. ₹40,000 4. ₹40,500
SSC CGL 2023 PRE

4. Find the simple interest on Rs 2,700 for 8 months at


5 paisa per rupee per month?
(a) Rs 950 (b) Rs 720
(c) Rs 540 (d) Rs 1,080 9. The simple interest on an amount for 6 years at
(SSC CGL 2022) 4% p.a. is ₹7,500 less than the simple interest on the
same amount for 11 years. Find the amount.
1. ₹38,000 2. ₹37,500
3. ₹37,000 4. ₹38,500
SSC CGL 2023 PRE
𝟐
5. Find the simple interest on ₹27,000 at 14 % per
𝟑
annum for 8 months.
1. ₹2,600 2. ₹2,630
3. ₹2,610 4. ₹2,640
SSC CGL 2023 PRE

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10. A certain sum invested at a rate of 8% per
𝟏
annum after 3 years at simple interest is Rs 2944
𝟐
less than the simple interest on the same sum for 10
years at double the rate of interest. The sum (in Rs)
is?
(ICAR Assistant 2022) 𝟏
A) 9800 B) 9200 14. The simple interest on a certain sum for 9 years
𝟐
C) 9000 D) 9500 at the rate of 13% p.a. is ₹3,080 less than the
𝟏
amount of the same sum for 4 years at the same
𝟐
rate of interest. The sum (in ₹) is:
1. 8,700 2. 8,500
3. 8,600 4. 8,800
( ICAR Technician 2023)
11. A certain sum invested at 8% p.a. simple interest
amounts to ₹16,896 in 4 years. The sum (in ₹) is:
1. 13,500 2. 3,200
3. 12,800 4. 12,500
( ICAR Technician 2023)

15. A sum amounts to Rs 14,395.20 at 9.25% p.a.


simple interest in 5.4 years. What will be the simple
interest on the same sum at 8.6% p.a. in 4.5 years?
ANSWERKEY SSC CGL TIER II
Q1 D Q2 C Q3 B Q4 D Q5 D (a)Rs 3715.20 (b)Rs 3627
Q6 B Q7 A Q8 D Q9 B Q10 B (c)Rs 3797.76 (d)Rs 3672
Q11 C

LECTURE NO 02
𝟏
12. A certain sum amounts to Rs 12096 at 8% p.a. in 5
𝟐
years at simple interest. What will be the simple
interest on the same sum at 10% p.a. in 8 years?
(a) Rs6760 (b) Rs6810 16. In what time will ₹10,000 at 4% per annum,
(c) Rs6680 (d) Rs6720 produce the same interest as ₹8,000 does in 4 years
at 5% simple interest?
(a) 5 years (b) 3 years
(c) 4 years (d) 6 years
SSC CGL 2023 PRE

13. The amount received on a sum invested at 8% per


𝟏
annum simple interest for 3 years exceeds the simple
𝟐
interest on the same sum at the same rate for 15 years
by Rs 600. What will be the amount (in Rs) of the same
𝟏
sum in 5 years at double the same rate at simple
𝟐
interest? 17. The simple interest on Rs 800 for 6 year at 5.5%
(ICAR Technician 2022) per annum is equal to the simple interest on Rs 600
A) 13800 B) 14000 at 4% per annum for a certain period of time. The
C) 14100 D) 14080 period of time is :
(a) 11 years (b) 9 years

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(c) 12 years (d) 10 years R
SSC CGL 2023 PRE (a) 8.75% (b) 9%
(c) 8.5% (d) 8.25%
SSC CGL 2023 PRE

Q18. The simple interest on Rs x for m years at a rate


of r% is equal to the same on Rs y for n years at the
𝒙
rate of s%, then is equal to
𝒚
SSC MTS 16 August 2019 (Morning) 22. A person deposited ₹15,600 in a fixed deposit at
(a)
𝒏𝒓
(b)
𝒏𝒔 10% per annum simple interest. After every second
𝒎𝒔
𝒎𝒔
𝒎𝒓
𝒎𝒓 year he adds his interest earned to the principal. The
(c) (d)
𝒏𝒓 𝒏𝒔 interest at the end of 4 years is:
SSC CGL 2022
(a) ₹ 6,864 (b) ₹6,655
(c) ₹3,744 (d) ₹ 3,975

Q19. If the simple interest on a sum of Rs x at 6%


p.a. for two years is double the simple interest on
another sum of Rs y at 9% per annum for three
years, then which of the following is true? ANSWERKEY
SSC MTS 22 August 2019 (Evening) Q12 D Q13 Q14 D Q15 A Q16 C
Q17 A Q18 B Q19 B Q20 B Q21 D
(a) x = 2y (b) x = 4.5y
Q22 A
(c) 3x = 7y (d) 2x = 5y

LECTURE NO 03
1. The rate of SI for 1 st 3 year is 𝟔%, for next 4
years it is 𝟕% and the period beyond 7 years it
is 𝟕. 𝟓% per annum. If a man invest ₹𝟗𝟒𝟎𝟎 for
20. A certain amount is lent at x% p.a. simple interest 11 years, find the SI eamed by him?
for 3 years. Instead, if the amount was lent at 3x% p.a. (a) ₹𝟔𝟗𝟎𝟎 (b) ₹𝟕𝟐𝟑𝟎
simple interest for ‘y’ more years, then the simple (c) ₹7144 (d) ₹𝟕𝟔𝟓𝟒
interest would have been seven times the earlier
interest. What is the value of y?
(a) 3 (b) 4
(c) 5 (d) 6
SSC CGL 2023 PRE

2. The rate of SI on a certain sum of money is


𝟒% per annum for 1 st two years, 𝟔% per
annum for next 4 years and 𝟖% per annum for
21. R wants to deposit Rs 80,000 in the bank for a year. the period beyond 6 years. If the simple
In his account , the bank gives 12% simple annual interest earned by a sum is ₹𝟐𝟐𝟒𝟎 in 9 years,
interest but charges Rs 3,000 s a processing fee for the find the sum.
account. What would be his percentage earning in the (a) ₹𝟒𝟎𝟎𝟎 (b) ₹𝟑𝟗𝟖𝟎
account?

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(c) ₹𝟒𝟐𝟎𝟎 (d) ₹𝟑𝟖𝟓𝟎 6. In how many years will a sum of Rs 9,500
amount to Rs 11,780 at the rate of 8% per
annum at simple interest?
(a) 3 (b) 2
(c) 4 (d) 5
SSC CGL 2023 PRE
3. A sum of money earns a simple interest at
7.25% per annum for the first eight years, at
8.5% for the next six years, and at 6.5% for the
final four years. If the total interest earned
during these eighteen years was Rs 35,100,
what was original sum invested (in Rs)? 7. In how much time will a sum of Rs. 10200
(a) 25,800 (b) 25,500 amounts to Rs. 19125 at the rate of 12.5
(c) 26,400 (d) 26,000 percent per annum at simple interest?
SSC CGL 2023 PRE (a) 6 years (b) 5 years
(c) 8 years (d) 7 years
(SSC CGL 2022)

4. If the simple interest at the same interest


rate on ₹500 for 4 years and ₹700 for 2 years,
combined together, is ₹280, then what is the 8. A person invests Rs 9,840 at 5% per annum
rate of interest? simple interest to obtain a total amount of Rs
𝟑
(a) 9 𝟏𝟕 %
𝟓
(b) 6 𝟏𝟕 % 12,300. For how many years did he invest the
𝟒 𝟑 sum?
(c) 8 𝟏𝟕 % (d) 7 𝟏𝟕 %
(a) 5 years (b) 4.5 years
SSC CGL 2023 PRE
(c) 3.5 years (d) 3 years
SSC CGL 2023 PRE

5. A person deposited Rs. 500 for 3 years, Rs.


650 for 5 years, and Rs. 1250 for 7 years. He
9. In what time will ₹3,720 amount to ₹5,282.4
received a total simple interest of Rs. 1620. The
at 12% simple interest per annum?
rate of interest per annum is: 𝟏
(a) 3 years (b) 3𝟐years
(a) 12% (b) 13% 𝟏
(c) 10.8% (d) 11% (c) 5 years (d) 5 years
𝟐
SSC CGL 2023 PRE SSC CGL 2023 PRE

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10. A sum of Rs 30,000 becomes Rs 38,400 after
being invested at a simple interest of 8% per
annum in how many years?
(a) 3.5 (b) 4 14. A sum of money becomes
𝟖
of itself in 2
𝟕
(c) 2.5 (d) 3 years at a certain rate of simple interest. The
SSC CGL 2023 PRE rate per annum is :
(a) 7.14% p.a. (b) 10% p.a.
(c) 6.25% p.a. (d) 20% p.a.

11. Rs 2,500, when invested for 8 years at a


given rate of simple interest per year,
amounted to Rs 3,725 on maturity. What was
the rate of simple interest that was paid per 15. Money was lent on simple interest. After 12
annum? 𝟑
years, its simple interest becomes 𝟓 of the
(a) 6% (b) 6.125%
money. Find the rate of interest.
(c) 6.25% (d) 5.875%
(a) 4% p.a. (b) 2% p.a.
(SSC CGL 2022)
(c) 5% p.a. (d) 3% p.a.
SSC CGL 2023 PRE

16. At what rate of interest per annum will the


12. The rate of simple interest for which ₹9,000
simple interest on a sum of money be 5/8 of
will amount to ₹10,200 in 4 years is:
𝟐 𝟏 the sum in 10 years?
1. 4𝟑% 2. 7 𝟑 %
𝟏 𝟏
1. 6.75% 2. 6.50%
3. 5 𝟐 % 4. 3 𝟑 % 3. 6.25% 4. 7.25%
SSC CGL 2023 PRE (ICAR Technician 2023)

13. A person borrowed some money on simple 17. If the simple interest for 5 years is equal to
𝟗
interest. After 4 years, he returned 𝟓 of the 25% of the principal, then the interest will be
money to the lender. What was the rate of equal to the principal after _________ years.
interest? (a) 20 (b) 30
(a) 25% p.a. (b) 10% p.a. (c) 25 (d) 22
(c) 15% p.a. (d) 20% p.a. SSC CGL 2023 PRE
SSC CGL 2023 PRE

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22. The rate at which a sum becomes four times
18. The simple interest received on a sum is of itself in 12 years at simple interest will be :
25/36 of the sum. The number of years is equal (a) 20% (b) 25%
to the annual rate of interest. What is the (c) 35% (d) 30%
annual rate of interest? SSC CGL 2023 PRE
(a) 9.25% (b) 10.25%
(c) 6.62% (d) 8.33%
(SSC CGL 2022)

23. At what rate percent per annum simple


interest, a sum of money triples itself in 16
years?
19. The interest earned on ₹21,000 in 3 years at 1.11.5% 2. 11%
simple interest is ₹6,400. What is the rate of 3. 12% 4. 12.5%
interest per annum? SSC CGL 2023 PRE
𝟓 𝟐
1.10 𝟔𝟑% 2. 10 𝟔𝟑 %
𝟏𝟑 𝟏𝟎
3. 10 𝟔𝟑 % 4. 10 𝟔𝟑 %
SSC CGL 2023 PRE

24. The time required for a sum of money to


amount to three times itself at 8% simple
20. A man took a loan of Rs 32,400 at a certain
interest p.a. will be :
rate of simple interest per annum. The rate of (a) 35 years (b) 25 years
interest is one-fourth of the number of years (c) 30 years (d) 20 years
for which the loan is taken. If the paid Rs
SSC CGL 2023 PRE
11,664 as interest at the end loan period, the
rate of interest was :
(a) 3% (b) 8%
(c) 5% (d) 12%
SSC CGL 2023 PRE
25. In how many least number of complete
years a sum of money become more than four
times of itself at the rate of 50 percent per
annum on simple interest?
21. Ravi deposited ₹32,500 for 6.5 years at
(a) 9 years (b) 7 years
simple interest. He got ₹13,731.25 as interest (c) 6 years (d) 5 years
after 6.5 years. The annual percentage rate of
(SSC CGL 2022)
interest was:
1. 5.75% 2. 6.5%
3. 6.75% 4. 5.5%
( ICAR Technician 2023)

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26. A sum of money doubles itself in 7 years at
simple interest. In how much time will it
become 5 times of itself?
(a) 25 years (b) 28 years 30. A certain sum becomes 4 times of itself in 5
(c) 23 years (d) 21 years years at a rate of simple interest. In 15 years it
(SSC CGL 2022) will be become how many times of itself at the
same rate of simple interest?
(a) 12 (b) 10
(c) 9 (d) 8
SSC CHSL 2022

27. A certain sum of money becomes triple of


itself in 26 years at simple interest. In how
many years it will becomes five times of itself?
(a) 64 years (b) 52 years 31. A sum of money doubles itself in 7 years at
(c) 56 years (d) 60 years simple interest. In how much time will it
(SSC CGL 2022) become 5 times of itself?
(a) 25 years (b) 28 years
(c) 23 years (d) 21 years

28. A certain amount will become six times in


20 years. How long does it take for the same 32. A sum of money at simple interest becomes
amount to become 5 times? Assume the same 8 times of itself in 3 years.
rate of simple interest in each case. (i) In how much time it will become 64 times of
(a) 16 years 8 months (b) 15 years 8 months itself?
(c) 15 years (d) 16 years (ii) Find the Interest rate also.
(SSC CGL 2022) (a) 27 years;
𝟕𝟎𝟎
% (b) 29 years;
𝟕𝟎𝟎
%
𝟑 𝟓
𝟔𝟓𝟎 𝟕𝟎𝟎
(c) 25 years; 𝟓
% (d) 26 years 𝟑
%

29. In a certain duration of time, a sum become


2 times itself at the rate of 5% per annum
33. A sum of money at simple interest becomes
simple interest. What will be the rate of interest
if the same sum becomes 5 times itself in the 3 times of itself in 5 years.
(i) In how much time it will become 27 times of
same duration?
(a) 20% (b) 16% itself?
(c) 10% (d) 18% (ii) Find the Interest rate also,
(a) 62 years; 𝟑𝟓% (b) 63 years 𝟐𝟕%
(SSC CGL 2022)
(c) 65 years; 𝟒𝟎% (d) 62 years; 𝟒𝟎%

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34. A sum of money at simple interest becomes SSC CGL 2023 PRE
3 times of itself in 8 years.
(i) How many times it will become in 20 years?
(ii) Find the Interest rate also.
(a) 6 times; 𝟐𝟓% (b) 7 times; 𝟐𝟎%
(c) 6 times; 𝟐𝟎% (d) 5 times; 𝟐𝟓%

2. A sum of money invested at a certain rate of


simple interest per annum amounts to Rs.
14552 in seven years and to Rs. 18906 in eleven
years. Find the sum invested (in Rs.)
35. A sum of money becomes three times of (a) 6850 (b) 6900
itself at the rate of 10 percent per annum on (c) 6800 (d) 6750
simple interest. Which of the following SSC CGL 2023 PRE
statement(s) is/are correct?
I. It will become 5 times of itself at the rate of
20 percent per annum on simple interest in the
same time period.
II. It will become 7 times of itself at the rate of
30 percent per annum on simple interest in the 3. A sum of money earns a simple interest at
same time period. 7.25% per annum for the first eight years, at
(a) Only II (b) Neither I nor II 8.5% for the next six years, and at 6.5% for the
(c) Only I (d) Both I and II final four years. If the total interest earned
SSC CHSL 2022 during these eighteen years was Rs 35,100,
what was original sum invested (in Rs)?
(a) 25,800 (b) 25,500
(c) 26,400 (d) 26,000
SSC CGL 2023 PRE

ANSWERKEY
Q1 C Q2 A Q3 D Q4 C Q5 A
Q6 A Q7 D Q8 A Q9 B Q10 A 3. A sum of money at a fixed rate of simple
Q11 B Q12 D Q13 D 14 A Q15 C interest amount to Rs 1,630 in 3years and to Rs
16 C Q17 A Q18 D Q19 D Q20 A 1,708 in 4 years. Find the sum (in Rs)
Q21 B Q22 B Q23 D Q24 B Q25 B (A)1132 (b) 1296
Q26 B Q27 B Q28 D Q29 A Q30 B (c) 1396 (d) 1448
Q31 B Q32 A Q33 C Q34 A Q35 D
SSC CGL 2023 PRE

LECTURE NO 04
1. A sum of money at simple interest amounts
to ₹1,200 in 3 years and to ₹1,350 in 4 years.
The sum is: 4. A certain sum invested at simple interest
1. ₹650 2. ₹850 amounts to ₹11,000 in 3 years at a certain rate
3. ₹450 4. ₹750 percent per annum and amounts to ₹13,000 in

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5 years at the same rate. What is the rate of 8. A sum of Rs 9600 amounts to Rs 11616 in 2𝟐
𝟏

interest? years at simple interest. What will be the


1. 10.5% 2. 10% amount of the same sum at 3/4th of the earlier
3.12% 4.12.5% 𝟏
rate in 5𝟐 years?
( ICAR Technician 2023)
(ICAR Assistant 2022)
A) Rs 12926.40 B) Rs 12203.20
C) Rs 13035.20 D) Rs 12980.40

5. A certain sum invested at simple interest


𝟏
amounts to ₹11,132 in 2𝟐 years and amounts to
𝟏
₹14,996 in 7𝟐years at the same rate per cent per
annum. The rate of interest per annum is: 9. A certain sum invested at a certain rate
1. 7.5% 2. 10.5% percent per annum at simple interest for
3. 8.4% 4. 8.5% 𝟏
3𝟐years amounts to Rs 16160 and amounts to
( ICAR Technician 2023) 𝟏
Rs 20000 in 7𝟐years at the same rate at simple
interest. What will be the simple interest on the
𝟑
same sum at double the rate in 2𝟓 years?
(ICAR Technician 2022)
A) Rs 4680 B) Rs 5070
6. A certain sum invested at simple interest C) Rs 4875 D) Rs 4992
𝟏
amounts to ₹10,072 in 3𝟐 years and amounts to
₹11,552 in 6 years at the same rate per cent per
annum. The rate of interest per annum is:
1. 7.5% 2. 8.5%
3. 8.4% 4. 7.4%
( SSC HSC 2022)
10. A man invests a total sum of Rs. 10000 is
company. A part of the sum was invested at
10% simple interest per annum and the
remaining part at 15% simple interest per
annum. If the total interests accurred to him in
7. A certain amounts to Rs 16956 in 4 years and
𝟏 two years equals Rs. 2400, the sum invested at
to Rs 19116 in 6𝟐 years at a certain rate percent
15% simple interest per annum is:
per annum, interest being simple in both the (a) ₹8000 (b) ₹4000
cases. The interest per annum is? (c) ₹6000 (d) ₹5000
(ICAR Assistant 2022) SSC CGL 2023 PRE
A) 6.5% B) 7.5%
C) 6.4% D) 7.8%

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11. S deposits a total of ₹50,000 in two from the second year onwards. After 4 years,
accounts which give 8% and 12% simple he paid Rs 4,600 as a total interest to settle the
interest annually, respectively. After one year, loan completely. How much was the loan?
he gets a total ₹5,200. How much money does (a) Rs 20,000 (b) Rs 19,000
he deposit in the account with a 12% interest (c) Rs 18,000 (d) Rs 21,000
rate? SSC CGL 2023 PRE
1. ₹30,000 2. ₹32,000
3. ₹20,000 4. ₹25,000
SSC CGL 2023 PRE

15. R lends some money to S on which S pays


Rs 17,000 more to R. S lends the same money
12. Rs 5,000 is divided into two parts such that to T, on which T pays 8.5% more to S. What
if one part is invested at 4% and the other at should be the minimum amount (in Rs) that S
5%, then the whole annual interest from both must borrow so that he does not incur any loss
the sums is Rs 223. How much was invested at in the process?
4%? (a) 2,00,000 (b) 2,25,000
(a) Rs 2,600 (b) Rs 2,700 (c) 1,80,000 (d) 1,70,000
(c) Rs 2,400 (d) Rs 2,300 SSC CGL 2023 PRE
(SSC CGL 2022)

16. A sum of Rs. 4,000 becomes Rs. 4,960 in 4


13. A person invested a sum of Rs. 18,600 at x% years at simple interest. If the rate of interest
p.a. and another sum that is twice the former becomes 1.5 times of itself, then how much this
at(x + 2)% p.a. , both at a simple interest. If the sum will become after 4 years?
total interest earned on both investments for (a) Rs. 5,440 (b) Rs. 5,680
𝟏
3𝟐 years is Rs 23,110.50 , then the rate of (c) Rs. 5,280 (d) Rs. 4,890
interest p.a. On the second investment is? SSC CHSL 2022
SSC CPO 2019 11-12-19(Morning)
(a) 11% (b) 10.5%
(c) 13% (d) 12.5%

17. ₹8,500 becomes ₹11,050 in 6 years at a


certain rate of simple interest. If the rate
becomes 1.8 times of itself, the amount of the
14. A person took a loan at 5% per annum same principal in 5 years will be:
simple interest during the first year and with an 1. ₹15,625 2. ₹14,350
increases of 0.5% simple interest every year 3. ₹13,550 4. ₹12,325
SSC CGL 2023 PRE

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21. A man takes a loan of some amount at some
rate of simple interest. After three years, the
18. A person borrows Rs. 20000 at the rate of 6 loan amount is doubled and the rate of interest
percent per annum on simple interest for 3 is decreased by 2%. After 5 years, if the total
years. He immediately lends it to another interest paid on the whole is Rs13,600, which is
person at the rate of 8.5 percent per annum on equal to the same when the first amount was
simple interest for 3 years. What is the value of 𝟏
taken for 11𝟑 years, then the loan taken
gain per year? initially is:
(a) Rs. 1500 (b) Rs. 500 SSC CHSL 14-10-2020 (Afternoon)
(c) Rs. 800 (d) Rs. 200 (A) Rs 13,600 (b) Rs 12,500
SSC CHSL 2022 (c) Rs 10,000 (d) Rs 12,000

19. A sum is deposited in a bank which gives


simple interest. The sum becomes 1.25 times in
ANSWERKEY
3 years. If there is a requirement of Rs 7,60,000 Q1 D Q2 B Q3 C Q4 D Q5 C
after seven years, how much amount (in) Q6 D Q7 Q8 A Q9 D Q10 B
should one deposit to fulfil the requirement? Q11 A Q12 Q13 D Q14 A Q15 A
(a) 5,20,000 (b) 5,70,000 Q16 A Q17 D Q18 B Q19 C Q20 D
(c) 4,80,000 (d) 6,00,000 Q21 C
(SSC CGL 2022)

20. A sum of Rs. 12,000 was borrowed at a rate


of simple interest. After four months, Rs.6000
more was borrowed and rate of interest on the
total principal was doubled than that of the
previous rate. At the end of the year, 2800 was
paid as the interest. Find the rate that was
applicable in the initial.
(a)14% (b)16%
(c)12% (d)10%
SSC CHSL 2020

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