SSC CGL Simple Interest question with solution
Simple InterestEasy
What is the simple interest on ₹5,000 at 5% per annum for 3 years?
- (A)₹750
- (B)₹900
- (C)₹5,750
- (D)₹1,000
Correct answer: (A) ₹750
Simple interest = P × R × T ÷ 100 = 5000 × 5 × 3 ÷ 100 = 750. Therefore the interest earned over 3 years is ₹750.
Shortcut: 1% of 5000 is 50; multiply by 5 × 3 = 15.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CGL
- Attempts on SSC Rank
- Not attempted yet
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.