Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 62
A sum of ₹ 3460 is lent at simple interest. If the rate of interest is 5% per annum,then what will be the simple interest for 5 years?
Solution
Given, Principal = Rs.3460
Rate of interest = 5% per annum
Time period = 5 years
Then, Simple Interest for 1 year = 5% of 3460 = Rs.173
Simple Interest for 5 years = 5*173 = Rs.865
Create a FREE account and get:
- Free SSC Study Material - 18000 Questions
- 230+ SSC previous papers with solutions PDF
- 100+ SSC Online Tests for Free
