Mridul Mehta has very keen interest in the government exams and know a lot about the exam patterns, question difficulties etc.

10+ Years Experience in the Government Exams

<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">
<html><body><h2 id="content-id-5126094837-2"><b>Interest Questions Overview</b></h2><p>Interest Questions have a good weightage in the Ssc Cgl Exam and the type of question asked in Ssc Cgl exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in Interest Questions.</p><h2 id="content-id-8275931064-3"><b>Question On Interest </b></h2>A bank offers 2.6% compound interest per annum calculated on a half-yearly basis. A customer deposits â&#130;¹8565 each on 1 January and 1 July of a year. At the end of the year, the amount he would have gained by way of interest is ________. [Give your answer correct to 2 decimal places.]
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Moderate </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 38 Seconds </h3></div></div><h2 id="content-id-6053879412-4"><b> Interest Questions Options</b></h2><ol><li><p>â&#130;¹335.48</p>
</li><li><p>â&#130;¹343.66</p>
</li><li><p>â&#130;¹325.48</p>
</li><li><p>â&#130;¹323.72</p>
</li></ol> <h2 id="content-id-7589102346-5"><b> Interest Questions Solution</b></h2><p>The correct answer is <strong>Option 1</strong> i.e. <strong>â&#130;¹335.48</strong>.</p>

<p>Half-yearly rate = 1.3%</p>

<p>First deposit (Jan): earns interest for 2 half-years.</p>

<p>Interest = P × [(1 + r)<sup>2</sup> – 1]</p>

<p>⇒ 8565 × [(1 + <span class="math-tex">\(1.3\over100\)</span>)<sup>2</sup> – 1]</p>

<p>⇒ 8565 × [(<span class="math-tex">\(101.3\over100\)</span>)<sup>2</sup> – 1]</p>

<p>⇒ 8565 × [<span class="math-tex">\(10261.69\over10000\)</span> – 1]</p>

<p>⇒ 8565 × <span class="math-tex">\(261.69\over10000\)</span> = 224.14</p>

<p>Second deposit (July): earns interest for 1 half-year.</p>

<p>Interest = P × r = 8565 × 0.013 = 111.35</p>

<p>Total interest = 224.14 + 111.35 = 335.48</p>
<h2 id="content-id-7562483190-6"><b> Interest Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Interest_Questions_Tips_and_Tricks.png" alt="Interest Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Interest Questions without taking any help from the solutions.</li><li>Interest Questions require proper usage of concept so firstly read the question thoroughly and then use the right concept. </li><li>In case you're not able to solve the question in less than 30 seconds in the exam then you should skip the question and move to the next question.</li></ol><h3><b>Daily Current Affairs </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Daily_Current_Affairs.png" alt="Daily Current Affairs" height="260" width="480"><p>KD Live is providing Current Affairs on a daily basis for SSC and a current affairs quiz too for the practice. For the Current Affairs please <a href="https://study.kdcampus.live/daily-current-affairs" target="_blank">Click Here</a> and for the current affairs quiz please <a href="https://study.kdcampus.live/current-affairs-quiz" target="_blank">Click Here</a>.</p><h3><b> KD Live Free Offerings </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/KD_Live_Free_Offerings.png" alt="KD Live Free Offerings" height="260" width="480"><p>KD Live is Offering Every Information and Study Material required for the self study. Please click on the following links for accessing those.</p><div class="row"><div class="col-md-4"><a href="https://study.kdcampus.live/study-plan">Study Plan</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/general-science">General Science</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/general-awareness">General Awareness</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/general-knowledge">General Knowledge</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/quantitative-aptitude">Quantitative Aptitude</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/logical-reasoning">Logical Reasoning</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/english-language">English Language</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/today-in-history">Today In History</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/question-paper">Question Paper</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/syllabus">Syllabus</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/know-your-state">Know Your State</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/know-your-country">Know Your Country</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/know-your-city">Know Your City</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/know-your-leader">Know Your Leader</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/books-and-authors">Books And Authors</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/daily-vocabulary">Daily Vocabulary</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/daily-editorial">Daily Editorial</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/latest-notifications">Latest Notifications</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/exam-dates">Exam Dates</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/admit-card">Admit Card</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/exam-results">Exam Results</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/exam-cutoff">Exam Cutoff</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/exam-eligibility">Exam Eligibility</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/exam-pattern">Exam Pattern</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/answer-key">Answer Key</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/important-days">Important Days</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/full-form">Full Form</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/government-schemes">Government Schemes</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/previous-year-pdf">Previous Year PDF</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/quiz">Quiz</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/courses">Courses</a></div><div class="col-md-4"><a href="https://study.kdcampus.live/classes">Classes</a></div></div><h3><b>Further Guidance on Interest Questions</b></h3> For Asking any query on Interest Questions please mail <a href="mailto:online@kdcampus.org">Send Email</a> or you can fill the form at <a href="https://kdcampus.live" target="_blank">KD Live</a>.<h3><b>About KD Live</b></h3> KD live has an expertise in providing apt explanations for the Interest Questions since 2008. More than 10 lakh aspirants have cleared competitive exams under the guidance of Neetu Mam. Study.kdcampus.live is providing free information on various topics and for the Ssc Cgl Exam you can refer the following link <a href="https://study.kdcampus.live/ssc-cgl" target="_blank">Click Here</a> however if you want to practice more questions then please refer the following link <a href="https://study.kdcampus.live/question-answer" target="_blank">Click Here</a>.<h3><b>About Neetu Mam</b></h3>Neetu Mam is primarily passionate for the English language and teaching from the last 20 years however for the Interest Questions. She has guided her team to provide the best explanation for the question.</body></html>


Since 1995, Neetu Mam is Providing Free Content for English to the Students

Best Publisher for English Content

A bank offers 2 6 compou - Interest Questions for Ssc Cgl

Latest Notifications

Exam Eligibility

Exam Dates

Exam Pattern

Syllabus

Admit Card

Exam Cutoff

Answer Key

Exam Results

Daily Current Affairs

Current Affairs Quiz

Daily Editorial

Daily Vocabulary

Study Plan

Important Days

Question Paper

Previous Year PDF

English Language

Logical Reasoning

Quantitative Aptitude

General Knowledge

General Awareness

General Science

Today in History

Know Your State

Full Form

Know Your Country

Government Schemes

Know Your City

Know Your Leader

Books and Authors

question answer

Quiz

Courses

Classes

A right circular cylinder - Mensuration Questions for Ssc Chsl

A B and C start a busine - Partnership Questions for Ssc Chsl

The correct answer is Option 1 i.e. ? - Interest Questions are asked in Ssc Cgl exams and your question has been explained by experts like Neetu Mam.

A bank offers 2 6 compou - Interest Questions for Ssc Cgl

Interest Questions Comments:

Interest Questions RELATED ARTICLES