At what rate per annum will the simple interest on Rs. 550 be Rs. 33 in 3 years?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 2%.
SI = (P × R × T)/100
⇒ 33 = (550 × R × 3)/100
⇒ R = 3300/1650 = 2%
SSC Selection Post 2023 PYQ — Question 72
SSC Selection Post - Higher Secondary Level - 30 June 2023 - Shift 2 • Quantitative Aptitude • Q72