Question : What is the simple interest on INR 2,000 for 4 years at the rate of 10% per annum?
Option 1: INR 500
Option 2: INR 800
Option 3: INR 600
Option 4: INR 1,000
Answer (1)
21st Jan, 2024
Correct Answer: INR 800
Solution :
Use the formula below.
Simple Interest = $\frac{\text{Principle×Rate×Time}}{100}$
According to the question
Simple Interest = $\frac{2000×10×4}{100}$
= $\frac{80000}{100}$
= 800
Hence, the correct answer is INR 800.
Comments (0)
Related Questions
Know More about
Staff Selection Commission Multi Tasking ...
Answer Key | Cutoff | Selection Process | Preparation Tips | Eligibility | Application | Exam Pattern
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
Exam Date:
19 Dec, 2024
- 29 Dec, 2024
Airports Authority Of India Junior Assistant Fire Service Exam
- (AAI JUNIOR ASSISTANT FIRE SERVICE)
Application Date:
30 Dec, 2024
- 28 Jan, 2025
Application Date:
11 Dec, 2024
- 31 Dec, 2024
Application Date:
11 Dec, 2024
- 31 Dec, 2024
Admit Card Date:
23 Dec, 2024
- 5 Jan, 2025
