SSC GD Constable 2015 · Question 39 of 88

Ram bought a bike for Rs.60,000. He paid Rs.10,000 cash down and the rest at the end of 2 years at 15% simple interest. How much more did he pay as simple interest ?

percentage

ARs.15,000Correct
BRs.25,000
CRs.35,000
DRs.50,000

Answer: A. Rs.15,000

Explanation

Principal sum = Rs. 60, 000 − 10, 000 = Rs. 50, 000 Rate of interest = 15% and time period = 2 years => Simple interest = = P×R×T 100 50,000×15×2 100 = 500 × 30 = Rs. 15, 000 => Ans - (A)

Source: Solved SSC GD 2015 Paper with Solutions — Collegedunia · reliable-secondary

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