What is the simple interest on ₹5,000 at 6% per annum for 3 years?
Show answer & explanation
Correct answer: A
Explanation
Given:
P = ₹5000, R = 6%, T = 3 years
Simple Interest = P × R × T / 100
= 5000 × 6 × 3 / 100
= 900
SSC Selection Post 2025 PYQ — Question 29
SSC Selection Post - Matriculation Level - 29th August 2025 - Shift 3 • Quantitative Aptitude • Q29