SSC MTS 2024 PYQ — Question 18

SSC MTS - 08/10/2024 - (9:00 AM - 11:00 AM) • Quantitative Aptitude • Q18

Find the simple interest (in ₹) on ₹4000 as a sum borrowed at a 3% per year rate of interest for 6 years.

Show answer & explanation

Correct answer: A

Explanation

The correct answer is Option 1 i.e. 720.

SI = PRT100PRT\over100

SI = 4000×3×61004000×3×6\over100 

SI = ₹720