Find the simple interest (in ₹) on ₹2500 as a sum borrowed at a 4% per year rate of interest for 4 years.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. ₹400.
SI =
SI = = 25 × 4 × 4 = ₹400
SSC MTS 2024 PYQ — Question 18
SSC MTS - 01/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q18