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<html><body><h2 id="content-id-0126879453-2"><b>Compound Interest Questions Overview</b></h2><p>Compound Interest Questions have a good weightage in the SSC CHSL English Exam and the type of question asked in SSC CHSL English 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-1524986370-3"><b>Question On Compound Interest </b></h2>If the interest earned during the 2nd year on a certain sum is â&#130;¹1,760, and the rate of interest is 10% per annum compounded annually, then the sum is:
<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 : 35 Seconds </h3></div></div><h2 id="content-id-4281957630-4"><b> Compound Interest Questions Options</b></h2><ol><li><p>â&#130;¹16,405</p>
</li><li><p>â&#130;¹16,000</p>
</li><li><p>â&#130;¹15,495</p>
</li><li><p>â&#130;¹15,990</p>
</li></ol> <h2 id="content-id-8673045129-5"><b> Compound Interest Questions Solution</b></h2><p>The correct answer is <strong>Option 2</strong> i.e. <strong>â&#130;¹16,000.</strong></p>

<p>Interest in 2nd year = Principal × (1 + <span class="math-tex">\(10\over100\)</span>) × <span class="math-tex">\(10\over100\)</span></p>

<p>⇒ 1760 = P × <span class="math-tex">\(11\over10\)</span> × <span class="math-tex">\(1\over10\)</span></p>

<p>⇒ 1760 = <span class="math-tex">\(11P\over100\)</span></p>

<p>⇒ P = <span class="math-tex">\(1760 Ã&#151; 100 \over 11\)</span> = â&#130;¹16000</p>
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The correct answer is Option 2 i.e. ? - Compound Interest Questions are asked in SSC CHSL English exams and your question has been explained by experts like Neetu Mam.

 Compound Interest Questions Tips and Tricks

If the interest earned du - Compound Interest Questions for SSC CHSL English

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