SSC MTS 2022 PYQ — Question 54

The correct answer is option 2 i.e. ₹800

We need to find simple interest on ₹2,000 for 4 years at the rate of 10% per annum

As we know,

Simple interest = $\dfrac{Principal x Rate x Time}{100}$

Here, P = 2000, R = 10, T= 4

SI = 2000 x 10 x 4/100

⇒ SI = 800