Find the simple interest (in ₹) on ₹2500 as a sum borrowed at a 4% per year rate of interest for 5 years.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. ₹500.
SI =
SI = = 25 × 4 × 5 = ₹500
SSC MTS 2024 PYQ — Question 19
SSC MTS - 01/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q19