SSC MTS 2024 PYQ — Question 18

SSC MTS - 08/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q18

Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 7% per year rate of interest for 4 years.

Show answer & explanation

Correct answer: C

Explanation

The correct answer is Option 3 i.e. 560.

SI = PRT100PRT\over100

SI = 2000×7×41002000\times7\times4\over100 = ₹560