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Rahul invests his savings, which is Rs. 25,000 in his bank that pays 7 per cent annual interest. How much will he earn by way of interest in one year?

This question was previously asked in
SSC CHSL Previous Paper 112 (Held On: 26 Oct 2020 Shift 2)
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  1. Rs. 1,500
  2. Rs. 1,800
  3. Rs. 1,750
  4. Rs. 1,675

Answer (Detailed Solution Below)

Option 3 : Rs. 1,750
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Detailed Solution

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Principal = Rs.25,000

Interest rate = 7%

Time period = 1 year

Interest for one year = 25000 × 7 ÷ 100 = Rs.1750

Hence, the interest for one year is Rs.1750.

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Latest SSC CHSL Updates

Last updated on May 28, 2025

-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025. 

-> The Exam Date for the SSC CHSL 2025 will be from 8th September 2025 to 18th September, 2025. 

-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government. 

-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).

-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.  

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