SSC MTS 2024 PYQ — Question 17

SSC MTS - 08/10/2024 - (4:00 PM - 5:30 PM) • Quantitative Aptitude • Q17

Find the simple interest (in ₹) on ₹2500 as a sum borrowed at a 3% per year rate of interest for 6 years.

Show answer & explanation

Correct answer: D

Explanation

The correct answer is Option 4 i.e. 450.

SI = PRT100PRT\over100

SI = 2500×3×61002500\times3\times6\over100

SI = 25 × 3 × 6 = 450