SSC CHSL 2025 · PYQ · Simple and Compound Interest · medium
A person borrows ₹20,000 at 8% per annum simple interest for 3 years. What is the total interest he will pay at the end of the 3 years?
Answer
The correct answer is C: ₹4,800. Simple Interest = P × R × T / 100 = 20,000 × 8 × 3 / 100 = ₹4,800.
- A.₹5,200
- B.₹7,200
- C.₹4,800✓ Correct
- D.₹6,000
Simple Interest = P × R × T / 100 = 20,000 × 8 × 3 / 100 = ₹4,800.
💡
Practice unlimited SSC CHSL PYQs + AI-tracked progress on each topic.
Sign up free →More Simple and Compound Interest questions
Want more SSC CHSL practice?
Free daily 10-Q quiz · adaptive mocks · 49,000+ practice questions (19,000+ verified PYQs) · AI doubt solver in Hindi + English