Find the simple interest on ₹3,500 at 15% per annum for 5 years.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹2625.
Simple Interest = (P × R × T) / 100
= (3500 × 15 × 5) / 100
= 262,500 / 100
= ₹2,625
SSC MTS 2024 PYQ — Question 8
SSC MTS - 15/10/2024 - (4:00 PM - 5:30 PM) • Quantitative Aptitude • Q8