Question : What is the simple interest on a principal of INR 24,000 for 4 years at the rate of 5% per annum?
Option 1: INR 4,800
Option 2: INR 3,600
Option 3: INR 5,600
Option 4: INR 5,000
Answer (1)
25th Jan, 2024
Correct Answer: INR 4,800
Solution :
Given:
Principal = INR 24,000
Time = 4 years
Rate = 5% per annum
So, the Simple interest = $\frac{\text{Principal × Rate × Time}}{100}$
= $\frac{\text{24000 × 5 × 4}}{100}$
= 4,800
Hence, the correct answer is INR 4,800.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Get Updates Brochure
Thank You!
Your Staff Selection Commission Multi Tasking Staff Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Mains Exam
Result Date:
4 Nov, 2024
- 11 Nov, 2024
Tier II
Admit Card Date:
12 Nov, 2024
- 12 Nov, 2024
Exam Date:
30 Sep, 2024
- 14 Nov, 2024
Application Date:
23 Sep, 2024
- 15 Nov, 2024
Mains Exam
Exam Date:
30 Nov, 2024
- 30 Nov, 2024
