Find the simple interest (in ₹) on ₹3000 as a sum borrowed at an 8% per year rate of interest for 5 years.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 1200.
SI =
SI = = ₹1200
SSC MTS 2024 PYQ — Question 19
SSC MTS - 08/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q19