SSC CHSL Simple Interest question with solution
Simple InterestEasy
What is the simple interest on ₹5,500 at 4% per annum for 2 years?
- (A)₹440
- (B)₹5,940
- (C)₹550
- (D)₹660
Correct answer: (A) ₹440
Simple interest = P × R × T ÷ 100 = 5500 × 4 × 2 ÷ 100 = 440. Therefore the interest earned over 2 years is ₹440.
Shortcut: 1% of 5500 is 55; multiply by 4 × 2 = 8.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC CHSL
- Attempts on SSC Rank
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.