SSC CGL Simple Interest question with solution
Simple InterestEasySSC CGL 2024
What is the simple interest on ₹5,000 at 10% per annum for 4 years?
- (A)₹2,200
- (B)₹2,000
- (C)₹2,500
- (D)₹7,000
Correct answer: (B) ₹2,000
Simple interest = P × R × T ÷ 100 = 5000 × 10 × 4 ÷ 100 = 2000. Therefore the interest earned over 4 years is ₹2,000.
Shortcut: 1% of 5000 is 50; multiply by 10 × 4 = 40.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CGL 2024
- Attempts on SSC Rank
- Not attempted yet
Appears in: SSC CGL 2024 Tier 1 Question Paper — 9 September, Shift 1
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.