SSC MTS 2024 PYQ — Question 17

SSC MTS - 15/10/2024 - (4:00 PM - 5:30 PM) • Quantitative Aptitude • Q17

Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 7% per year rate of interest for 2 years.

Show answer & explanation

Correct answer: D

Explanation

The correct answer is option 4 i.e. 280.

SI = (P × R × T)/100

= (2000 × 7 × 2)/100

= 280