SSC MTS 2024 PYQ — Question 16

SSC MTS - 07/10/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q16

Find the simple interest (in ₹) on ₹3000 as a sum borrowed at a 6% per year rate of interest for 5 years.

Show answer & explanation

Correct answer: A

Explanation

The correct answer is Option 1 i.e. 900.

SI = PRT100PRT\over100

SI = 3000×6×51003000×6×5\over100 = ₹900