What is the simple interest on a principal of Rs16 000 for 3 years at the rate of 10 per annum ........

Quantitative Aptitude (MTS) Simple Interest

What is the simple interest on a principal of Rs16,000 for 3 years at the rate of 10% per annum?

This questions was previously asked in

SSC MTS 7th July 2022 Shift-2

Rs6,400

Rs4,800

Rs5,600

Rs5,200

To find the simple interest, we use the formula:

$$ \text{Simple Interest (SI)} = \frac{\text{Principal} \times \text{Rate} \times \text{Time}}{100} $$

- Principal (P): Rs16,000

- Rate (R): 10% per annum

- Time (T): 3 years

Calculation:

$$ \text{SI} = \frac{16000 \times 10 \times 3}{100} = Rs4,800 $$

- Option 1: Rs6,400: Incorrect. This value would result from a higher principal, rate, or time.

- Option 2: Rs4,800: Correct. This matches the calculated interest.

- Option 3: Rs5,600: Incorrect. Likely from different values for inputs.

- Option 4: Rs5,200: Incorrect. Also results from altered inputs.

The correct answer is Option 2: Rs4,800.

Submit Error