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<html><body><h2 id="content-id-4326917850-2"><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-0985437162-3"><b>Question On Interest </b></h2>A sum of Rs 5000 amounts to Rs 7200 in 8 years at a certain rate percent per annum interest compounded yearly. What will be the compound interest on a sum of Rs 6550 in 4 years at the same rate of interest?
<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 : 36 Seconds </h3></div></div><h2 id="content-id-5391042687-4"><b> Interest Questions Options</b></h2><ol><li><p>Rs 1290</p>
</li><li><p>Rs 1285</p>
</li><li><p>Rs 1415</p>
</li><li><p>Rs 1310</p>
</li><li><p>None of these</p>
</li></ol> <h2 id="content-id-4035719268-5"><b> Interest Questions Solution</b></h2><p>The correct answer is<strong> Option 4 i.e. Rs 1310</strong></p>

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			<p>We know that,</p>

			<p>Amount = P(1 + r/100)<sup>t</sup></p>

			<p>Where P is the principal: R =Rate: t =Time</p>

			<p>Given that a sum of Rs. 5,000 amounts to Rs. 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly</p>

			<p>7200 = 5000 (1 + r/100)<sup>8</sup></p>

			<p>= (1 + r/100)<sup>8 </sup>= 36/25</p>

			<p>(1 + r/100)<sup>4</sup> = √(36/25) = 6/5……………..(1)</p>

			<p>Amount = P(1 + r/100)<sup>t</sup></p>

			<p>6550 × (1 + r/100)<sup>4</sup> = 6550 × 6/5 = Rs 7860</p>

			<p>Interest = 7860 - 6550 = Rs 1310</p>
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The correct answer is Option 4 i.e. Rs 1 - Interest Questions are asked in Ssc Cgl exams and your question has been explained by experts like Neetu Mam.

A sum of Rs 5000 amounts - Interest Questions for Ssc Cgl

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