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<html><body><h2 id="content-id-4931706528-2"><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-9452138670-3"><b>Question On Compound Interest </b></h2>Calculate the compound interest on Rs. 5000 for 2 years at 20% per annum when compounded half yearly.
<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 : 31 Seconds </h3></div></div><h2 id="content-id-4258903671-4"><b> Compound Interest Questions Options</b></h2><ol><li><p>2,120.50</p>
</li><li><p>2,520.50</p>
</li><li><p>2,320.50</p>
</li><li><p>2,320.50</p>
</li></ol> <h2 id="content-id-9453862107-5"><b> Compound Interest Questions Solution</b></h2><p>The correct answer is <strong>option 4</strong> i.e. <strong>2,320.50.</strong></p>

<p>Half-yearly rate = 20%/2 = 10%</p>

<p>Time (n) = 2 years = 4 half-years</p>

<p>Amount = P(1 + R/100)<sup>n</sup></p>

<p>= 5000(1 + 10/100)<sup>4</sup></p>

<p>= 5000(1 + 1/10)<sup>4</sup></p>

<p>= 5000 × 11/10 × 11/10 × 11/10 × 11/10</p>

<p>= 7320.50</p>

<p>CI = 7320.50 – 5000 = 2320.50</p>
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The correct answer is option 4 i.e. 2,3 - Compound Interest Questions are asked in Ssc Cgl exams and your question has been explained by experts like Neetu Mam.

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