What would be the simple interest on the principle amount of ₹2 lakh for 3 years at a rate of 8% per annum?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. ₹48,000.
SI =
SI =
SI = 2000 × 24 = ₹48,000
SSC Selection Post 2023 PYQ — Question 69
SSC Selection Post - Higher Secondary Level 2023 - 27 June 2023 - Shift 3 • Quantitative Aptitude • Q69