SSC CGL Simple Interest question with solution
Simple InterestEasy
What is the simple interest on ₹2,000 at 5% per annum for 3 years?
- (A)₹300
- (B)₹200
- (C)₹400
- (D)₹2,300
Correct answer: (A) ₹300
Simple interest = P × R × T ÷ 100 = 2000 × 5 × 3 ÷ 100 = 300. Therefore the interest earned over 3 years is ₹300.
Shortcut: 1% of 2000 is 20; multiply by 5 × 3 = 15.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CGL
- Attempts on SSC Rank
- Not attempted yet
More SSC CGL Simple Interest questions
Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.