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
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.
Correct answer: D
Explanation
The correct answer is option 4 i.e. 280.
SI = (P × R × T)/100
= (2000 × 7 × 2)/100
= 280