SSC CHSL Simple Interest question with solution
Simple InterestEasy
What is the simple interest on ₹1,500 at 10% per annum for 2 years?
- (A)₹300
- (B)₹150
- (C)₹1,800
- (D)₹330
Correct answer: (A) ₹300
Simple interest = P × R × T ÷ 100 = 1500 × 10 × 2 ÷ 100 = 300. Therefore the interest earned over 2 years is ₹300.
Shortcut: 1% of 1500 is 15; multiply by 10 × 2 = 20.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CHSL
- Attempts on SSC Rank
- Not attempted yet
More SSC CHSL Simple Interest questions
Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.