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SSC MTS 2024 · PYQ · Simple Interest · medium

Find the simple interest (in ₹) on ₹2000 as a sum borrowed at 8% per year rate of interest for 5 years.

Answer

The correct answer is C: 800. SI = P×R×T/100 = 2000×8×5/100 = 80000/100 = ₹800.

  1. A.840
  2. B.760
  3. C.800✓ Correct
  4. D.740

Explanation

SI = P×R×T/100 = 2000×8×5/100 = 80000/100 = ₹800.
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