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SSC MTS 2024 PYQ — Question 18

SSC MTS - 30/09/2024 - (9:00 AM - 11:00 AM) • Quantitative Aptitude • Q18

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Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 7% per year rate of interest for 5 years.

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Correct answer: A

Explanation

The correct answer is Option 1 i.e. 1050.

SI = PRT100PRT\over100

SI = 3000×7×5100{3000\times7\times5}\over100 = ₹1050