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<html><body><h2 id="content-id-7349650812-2"><b>Compound Interest Questions Overview</b></h2><p>Compound Interest Questions have a good weightage in the Ibps Clerk Exam and the type of question asked in Ibps Clerk 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 Compound Interest Questions.</p><h2 id="content-id-4857312690-3"><b>Question On Compound Interest </b></h2>A certain amount of money triples in 8 years under compound interest. How many years will it take for that amount to increase to nine times its original value?
<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 : Easy </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 34 Seconds </h3></div></div><h2 id="content-id-6715389402-4"><b> Compound Interest Questions Options</b></h2><ol><li><p>16</p>
</li><li><p>19</p>
</li><li><p>17</p>
</li><li><p>18</p>
</li></ol> <h2 id="content-id-0267135948-5"><b> Compound Interest Questions Solution</b></h2><p>The correct answer is <strong>option 1 </strong>i.e. <strong>16.</strong></p>

<p>Amount triples in 8 years.</p>

<p>⇒ (1 + r)<sup>8</sup> = 3</p>

<p>To become 9 times:</p>

<p>⇒ 9 = (3)<sup>2</sup></p>

<p>Therefore,</p>

<p>⇒ (1 + r)<sup>16</sup> = [(1 + r)<sup>8</sup>]<sup>2</sup> = (3)<sup>2</sup> = 9</p>

<p>Hence, the amount becomes 9 times in 16 years.</p>
<h2 id="content-id-7293156408-6"><b> Compound Interest Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Compound_Interest_Questions_Tips_and_Tricks.png" alt="Compound Interest Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Compound Interest Questions without taking any help from the solutions.</li><li>Compound 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 Banking and a current affairs quiz too for the practice. 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The correct answer is option 1 i.e. 16 - Compound Interest Questions are asked in Ibps Clerk exams and your question has been explained by experts like Neetu Mam.

 Compound Interest Questions Tips and Tricks

A certain amount of money - Compound Interest Questions for Ibps Clerk

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