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Simple interest on ₹5000 at 10% per annum for 2 years is

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Question ID #2686 UPSC AFCAT 02/2026 Mock Test Series - Attempt Online Tests AFCAT 2026 Full-Length Mock Test 2 Medium

Correct Answer: B. ₹1000
SI = PRT/100 = 5000×10×2/100 = 1000.

Question: Simple interest on ₹5000 at 10% per annum for 2 years is

A. ₹500

B. ₹1000

C. ₹1500

D. ₹2000

Correct Answer: B. ₹1000SI = PRT/100 = 5000×10×2/100 = 1000.

Simple interest on ₹5000 at 10% per annum for 2 years is - MCQ Explanation

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Correct answer: B. ₹1000