SSC CGL Simple Interest question with solution
Simple InterestEasySSC CGL 2024
What is the simple interest on ₹10,500 at 4% per annum for 3 years?
- (A)₹840
- (B)₹11,760
- (C)₹1,260
- (D)₹1,575
Correct answer: (C) ₹1,260
Simple interest = P × R × T ÷ 100 = 10500 × 4 × 3 ÷ 100 = 1260. Therefore the interest earned over 3 years is ₹1,260.
Shortcut: 1% of 10500 is 105; multiply by 4 × 3 = 12.
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.