SSC MTS Simple Interest question with solution
Simple InterestEasySSC MTS 2024
What is the simple interest on ₹7,500 at 4% per annum for 5 years?
- (A)₹9,000
- (B)₹1,500
- (C)₹1,875
- (D)₹1,800
Correct answer: (B) ₹1,500
Simple interest = P × R × T ÷ 100 = 7500 × 4 × 5 ÷ 100 = 1500. Therefore the interest earned over 5 years is ₹1,500.
Shortcut: 1% of 7500 is 75; multiply by 4 × 5 = 20.
About this question
- Subject
- Quantitative Aptitude
- Topic
- Simple Interest
- Exam
- SSC MTS 2024
- Attempts on SSC Rank
- Not attempted yet
Appears in: SSC MTS 2024 Computer Based Examination Question Paper — 30 September, Shift 1
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Last reviewed on 5 Oct 2026. Spotted a mistake? See our correction policy.