SSC CGL Simple Interest question with solution
Simple InterestEasySSC CGL 2024
What is the simple interest on ₹7,000 at 4% per annum for 2 years?
- (A)₹560
- (B)₹280
- (C)₹7,560
- (D)₹840
Correct answer: (A) ₹560
Simple interest = P × R × T ÷ 100 = 7000 × 4 × 2 ÷ 100 = 560. Therefore the interest earned over 2 years is ₹560.
Shortcut: 1% of 7000 is 70; multiply by 4 × 2 = 8.
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 2 Question Paper — 18 January, Shift 1
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.