SSC CHSL Simple Interest question with solution
Simple InterestEasySSC CHSL 2024
What is the simple interest on ₹11,500 at 4% per annum for 5 years?
- (A)₹2,300
- (B)₹2,875
- (C)₹1,840
- (D)₹13,800
Correct answer: (A) ₹2,300
Simple interest = P × R × T ÷ 100 = 11500 × 4 × 5 ÷ 100 = 2300. Therefore the interest earned over 5 years is ₹2,300.
Shortcut: 1% of 11500 is 115; multiply by 4 × 5 = 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 — 2 July, Shift 1
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.