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<html><body><h2 id="content-id-8461205937-2"><b>Compound Interest Questions Overview</b></h2><p>Compound 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 Compound Interest Questions.</p><h2 id="content-id-1854279603-3"><b>Question On Compound Interest </b></h2>A sum of money amounts to â&#130;¹14,112 at the rate of 20% per annum compounded annually for 3 years. Find the sum of money.
<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 : 33 Seconds </h3></div></div><h2 id="content-id-8695342071-4"><b> Compound Interest Questions Options</b></h2><ol><li><p>â&#130;¹8,099.60</p>
</li><li><p> â&#130;¹7,167.70</p>
</li><li><p>â&#130;¹9,166.87</p>
</li><li><p>â&#130;¹8,166.67</p>
</li></ol> <h2 id="content-id-4067235189-5"><b> Compound Interest Questions Solution</b></h2><p>The correct answer is <strong>option 4</strong> i.e. <strong>â&#130;¹8,166.67.</strong></p>

<p>Amount A = â&#130;¹14,112</p>

<p>Rate = r = 20% per annum compounded annually</p>

<p>Time = n = 3 years</p>

<p>Principal = P = ?</p>

<p>A = P(1 + r/100)<sup>n</sup></p>

<p>⇒ 14112 = P(1 + 20/100)<sup>3</sup></p>

<p>⇒ 14112 = 216P/125</p>

<p>⇒ P = 49000/6 = Rs 8,166.67</p>
<h2 id="content-id-7352806194-6"><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 SSC and a current affairs quiz too for the practice. 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