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SSC MTS 2024 PYQ — Question 16

SSC MTS - 16/10/2024 - (9:00 AM - 11:00 AM) • Quantitative Aptitude • Q16

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Find the simple interest (in ₹) on ₹3500 as a sum borrowed at 4% per year rate of interest for 6 years.

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Correct answer: A

Explanation

The correct answer is option 1 i.e.  840.

Simple Interest = PRT/100

⇒ 3500×4×6100\frac{3500 \times 4 \times 6}{100}

⇒ 35 × 24 = 840