SSC MTS 2024 PYQ — Question 18

SSC MTS - 30/09/2024 - (12:30 PM - 2:30 PM) • Quantitative Aptitude • Q18

Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 5% per year rate of interest for 5 years.

Show answer & explanation

Correct answer: C

Explanation

The correct answer is Option 3 i.e. 875.

SI = PRT100PRT\over100 

SI = 3500×5×51003500×5×5\over100 = ₹875