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SSC MTS 2022 · PYQ · Simple and Compound Interest · medium

Jaya invested ₹14800 at 8.5% per annum on simple interest. The interest earned after 6 months is:

  1. A.₹642
  2. B.₹598
  3. C.₹629✓ Correct
  4. D.₹580

Explanation

SI = P×R×T/100 = 14800 × 8.5 × (1/2) / 100 = 14800 × 4.25 / 100 = ₹629.
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