SSC CGL Simple Interest question with solution
Simple InterestEasy
What is the simple interest on ₹5,000 at 8% per annum for 4 years?
- (A)₹1,200
- (B)₹2,000
- (C)₹1,600
- (D)₹6,600
Correct answer: (C) ₹1,600
Simple interest = P × R × T ÷ 100 = 5000 × 8 × 4 ÷ 100 = 1600. Therefore the interest earned over 4 years is ₹1,600.
Shortcut: 1% of 5000 is 50; multiply by 8 × 4 = 32.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CGL
- Attempts on SSC Rank
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.