Simple Interest · UPSC CDS/OTA · Question 24 of 30

Simple Interest – Question 24

Step-by-step solution. Simple Interest for UPSC CDS/OTA.

Topic
Simple Interest
Subject
Mathematics
Difficulty
Easy
Solve Time
45–60 sec

Solved UPSC CDS/OTA Question

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Q · Simple InterestEasy · 45s

If the simple interest on ₹5000 for 4 years is ₹1400, find the rate per annum.

TopicSimple Interest
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

Every step explained — no skipped algebra.

R = (SI×100)/(P×T) = (1400×100)/(5000×4) = 7%.

Final Answer: Option B — 7%
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Simple Interest Question 24 – UPSC CDS/OTA