A person lends ₹20,000 at 12% simple interest per annum. What will be the interest earned in 2.5 years?
Show answer & explanation
Correct answer: B
Explanation
Simple Interest = P × R × T / 100
= 20000 × 12 × 2.5 / 100
= ₹6000
SSC Selection Post 2025 PYQ — Question 48
SSC Selection Post - Matriculation Level - 30th July 2025 - Shift 1 • Quantitative Aptitude • Q48