SSC IB Security Assistant & MTS Mock Test Series 2023 Quantitative Aptitude Interest Simple Interest
Simple interest on a certain sum is one-fourth of the sum and the interest rate percentage per annum is 4 times the number of years. If the rate of interest increases by 2%, then what will be the simple interest (in ₹) on ₹5,000 for 3 years?
1
2,000
2
1,800
3
300
4
1,500