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<html><body><h2 id="content-id-1829563470-2"><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-0176348925-3"><b>Question On Interest </b></h2>If the interest earned during the 2nd year on a certain sum is â&#130;¹6787, 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 : 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-6513072948-4"><b> Interest Questions Options</b></h2><ol><li><p>â&#130;¹60805</p>
</li><li><p>â&#130;¹62005</p>
</li><li><p>â&#130;¹62530</p>
</li><li><p>â&#130;¹61700</p>
</li></ol> <h2 id="content-id-3498561027-5"><b> Interest Questions Solution</b></h2><p>The correct answer is <strong>Option 4</strong> i.e. <strong>â&#130;¹61700</strong>.</p>

<p>Interest in 2nd year = â&#130;¹6787</p>

<p>⇒ Rate = 10% = 0.1</p>

<p>2nd year interest = Principal × (1 + 0.1) × 0.1</p>

<p>⇒ Principal × 0.11</p>

<p>So, Principal = <span class="math-tex">\(6787\over0.11\)</span> = 61,700</p>
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The correct answer is Option 4 i.e. ?6 - Interest Questions are asked in Ssc Cgl exams and your question has been explained by experts like Neetu Mam.

If the interest earned du - Interest Questions for Ssc Cgl

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