Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 3% per year rate of interest for 3 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 270.
Simple Interest = (3000 × 3 × 3) ÷ 100 = ₹270
SSC MTS - 21/10/2024 - (4:00 PM - 5:30 PM) • Quantitative Aptitude • Q18
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 3% per year rate of interest for 3 years.
Correct answer: D
Explanation
The correct answer is option 4 i.e 270.
Simple Interest = (3000 × 3 × 3) ÷ 100 = ₹270