SSC CHSL Simple Interest question with solution
Simple InterestEasySSC CHSL 2024
What is the simple interest on ₹1,000 at 5% per annum for 4 years?
- (A)₹250
- (B)₹200
- (C)₹240
- (D)₹1,200
Correct answer: (B) ₹200
Simple interest = P × R × T ÷ 100 = 1000 × 5 × 4 ÷ 100 = 200. Therefore the interest earned over 4 years is ₹200.
Shortcut: 1% of 1000 is 10; multiply by 5 × 4 = 20.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CHSL 2024
- Attempts on SSC Rank
- Not attempted yet
Appears in: SSC CHSL 2024 Tier 1 Question Paper — 1 July, Shift 1
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.