Staff Selection Commission Quantitative Aptitude — Question 349

Question

Find the simple interest on ₹5000 at 8% per annum for 2 years

1. ₹700
2. ₹800
3. ₹900
4. ₹1000

Correct answer

B — ₹800

Explanation (English)

SI = (P × R × T)/100 = (5000 × 8 × 2)/100 = 800

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