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<html><body><h2 id="content-id-1584027936-2"><b>Interest Questions Overview</b></h2><p>Interest Questions have a good weightage in the Ssc Mts Exam and the type of question asked in Ssc Mts 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-0321958674-3"><b>Question On Interest </b></h2>There is a 60% increase in an amount in 5 years at simple interest. What will be the compound interest on Rs.6,250 for two years at the same rate of interest, when the interest is compounded 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 : Moderate </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-1396825704-4"><b> Interest Questions Options</b></h2><ol><li><p>Rs.1,480</p>
</li><li><p>Rs.1,560</p>
</li><li><p>Rs.1,500</p>
</li><li><p>Rs.1,590</p>
</li></ol> <h2 id="content-id-7062185394-5"><b> Interest Questions Solution</b></h2><p>The correct answer is <strong>Option 4 </strong>i.e. <strong>Rs.1,590.</strong></p>

<table border="1" cellpadding="1" cellspacing="1" style="width:300px">
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			<td><strong>Understanding/Application</strong></td>
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			<p>Principal = P </p>

			<p>Rate = r</p>

			<p>Time = 5 years</p>

			<p>Amount = 160P/100</p>

			<p>P + (P × r × 5)/100 = 160P/100</p>

			<p>Pr/20 = 60P/100</p>

			<p>r = 12%</p>
			</td>
		</tr>
		<tr>
			<td>
			<p>C.I. on Rs. 6250 for 2 years at 12% = 6250(1 + 12/100)<sup>2</sup> - 6250</p>

			<p>= 6250(112/100)<sup>2 </sup>- 6250</p>

			<p>= 6250(1.12)<sup>2</sup> - 6250</p>

			<p>= 6250(1.2544) - 6250</p>

			<p>= 6250(0.2544) </p>

			<p>= Rs. 1590</p>
			</td>
		</tr>
	</tbody>
</table>
<h2 id="content-id-9820374561-6"><b> Interest Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Interest_Questions_Tips_and_Tricks.png" alt="Interest Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Interest Questions without taking any help from the solutions.</li><li>Interest 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 SSC and a current affairs quiz too for the practice. For the Current Affairs please <a href="https://study.kdcampus.live/daily-current-affairs" target="_blank">Click Here</a> and for the current affairs quiz please <a href="https://study.kdcampus.live/current-affairs-quiz" target="_blank">Click Here</a>.</p><h3><b> KD Live Free Offerings </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/KD_Live_Free_Offerings.png" alt="KD Live Free Offerings" height="260" width="480"><p>KD Live is Offering Every Information and Study Material required for the self study. 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More than 10 lakh aspirants have cleared competitive exams under the guidance of Neetu Mam. Study.kdcampus.live is providing free information on various topics and for the Ssc Mts Exam you can refer the following link <a href="https://study.kdcampus.live/ssc-mts" target="_blank">Click Here</a> however if you want to practice more questions then please refer the following link <a href="https://study.kdcampus.live/question-answer" target="_blank">Click Here</a>.<h3><b>About Neetu Mam</b></h3>Neetu Mam is primarily passionate for the English language and teaching from the last 20 years however for the Interest Questions. She has guided her team to provide the best explanation for the question.</body></html>


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The correct answer is Option 4 i.e. R - Interest Questions are asked in Ssc Mts exams and your question has been explained by experts like Neetu Mam.

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