SSC CGL Simple Interest question with solution
Simple InterestEasySSC CGL 2024
What is the simple interest on ₹7,000 at 8% per annum for 2 years?
- (A)₹560
- (B)₹1,260
- (C)₹8,120
- (D)₹1,120
Correct answer: (D) ₹1,120
Simple interest = P × R × T ÷ 100 = 7000 × 8 × 2 ÷ 100 = 1120. Therefore the interest earned over 2 years is ₹1,120.
Shortcut: 1% of 7000 is 70; multiply by 8 × 2 = 16.
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 2
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.