Find the simple interest on Rs. 15,000 at the rate of 7% p.a. for 3 years.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Rs. 3,150.
SI = (P × R × T)/100
= (15000 × 7 × 3)/100
= 3150
SSC Selection Post 2024 PYQ — Question 53
SSC Selection Post - Higher Secondary Level - 26 June 2024 - Shift 2 • Quantitative Aptitude • Q53