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<html><body><h2 id="content-id-5897261430-2"><b>SI And CI Mix Questions Overview</b></h2><p>SI And CI Mix 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 SI And CI Mix Questions.</p><h2 id="content-id-8421037596-3"><b> Comprehension On SI And CI Mix Questions</b></h2>Directions: A financial company tracks five of its major loan packages: Home Loan, Car Loan, Education Loan, Business Loan, and Personal Loan.

The pie chart shows how the bank distributed its total loan amount of Rs. 50 lakh among five different loan categories.




	
		
			
			Loan Category
			
			
			Type of Interest
			
			
			Annual Rate (%)
			
			
			Time Period (Years)
			
		
		
			
			Home Loan
			
			
			Simple Interest (SI)
			
			
			8%
			
			
			5 Years
			
		
		
			
			Car Loan
			
			
			Compound Interest (CI)
			
			
			10%
			
			
			2 Years
			
		
		
			
			Education Loan
			
			
			Simple Interest (SI)
			
			
			6%
			
			
			3 Years
			
		
		
			
			Business Loan
			
			
			Compound Interest (CI)
			
			
			12%
			
			
			2 Years
			
		
		
			
			Personal Loan
			
			
			Simple Interest (SI)
			
			
			14%
			
			
			3 Years
			
		
	


 
<h2 id="content-id-5694017328-4"><b>Question On SI And CI Mix </b></h2>If the bank decides to change the Personal Loan terms from Simple Interest to Compound Interest (compounded annually) keeping the principal, rate, and time exactly the same, how much extra interest revenue will it generate?
<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 : 63 Seconds </h3></div></div><h2 id="content-id-3845716092-5"><b> SI And CI Mix Questions Options</b></h2><ol><li><p>Rs. 46,158</p>
</li><li><p>Rs. 42,120</p>
</li><li><p>Rs. 35,610</p>
</li><li><p>Rs. 39,270</p>
</li><li><p>Rs. 44,550</p>
</li></ol> <h2 id="content-id-2647531908-6"><b> SI And CI Mix Questions Solution</b></h2><p>The correct answer is<strong> option 1</strong> i.e.<strong> Rs. 46,158.</strong></p>

<p>Simple Interest on Personal Loan = (750000 × 14 × 3)/100</p>

<p>= Rs. 3,15,000</p>

<p>Compound Amount:</p>

<p>= 750000 × (114/100)<sup>3</sup></p>

<p>= 750000 × 1.481544</p>

<p>= Rs. 11,11,158</p>

<p>Compound Interest</p>

<p>= 1111158 − 750000</p>

<p>= Rs. 3,61,158</p>

<p>Extra Interest = 361158 − 315000 = Rs. 46,158</p>
<h2 id="content-id-6340825971-7"><b> SI And CI Mix Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/SI_And_CI_Mix_Questions_Tips_and_Tricks.png" alt="SI And CI Mix Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve SI And CI Mix Questions without taking any help from the solutions.</li><li>SI And CI Mix 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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