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<html><body><h2 id="content-id-5190782643-2"><b>Compound Interest Questions Overview</b></h2><p>Compound Interest Questions have a good weightage in the Ssc Gd Constable Exam and the type of question asked in Ssc Gd Constable 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-9764210538-3"><b>Question On Compound Interest </b></h2>Veer has â&#130;¹1224 with him. He divided it amongst his sons Nitin and Pravin and asked them to invest it at 4% rate of interest compounded annually. It was seen that Nitin and Pravin got same amount after 19 and 20 years respectively. How much (in â&#130;¹) did Veer give to Pravin?
<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 : 40 Seconds </h3></div></div><h2 id="content-id-4895260173-4"><b> Compound Interest Questions Options</b></h2><ol><li><p>450</p>
</li><li><p>624</p>
</li><li><p>600</p>
</li><li><p>724</p>
</li></ol> <h2 id="content-id-2501467839-5"><b> Compound Interest Questions Solution</b></h2><p>The correct answer is <strong>option 3</strong> i.e. <strong>600</strong></p>

<p>Let the amounts given to Nitin = Pâ&#130;&#129;, to Pravin = Pâ&#130;&#130;</p>

<p>A = P × (1 + R/100)â&#129;¿</p>

<p>So, Pâ&#130;&#129; × (1 + 4/100)¹â&#129;¹ = Pâ&#130;&#130; × (1 + 4/100)²â&#129;°</p>

<p>Pâ&#130;&#129; × (26/25)¹â&#129;¹ = Pâ&#130;&#130; × (26/25)²â&#129;°</p>

<p>Pâ&#130;&#129; = Pâ&#130;&#130; × (26/25)²â&#129;° ÷ (26/25)¹â&#129;¹ = Pâ&#130;&#130; × (26/25)</p>

<p>Also, Pâ&#130;&#129; + Pâ&#130;&#130; = 1224</p>

<p>Pâ&#130;&#130; × (26/25) + Pâ&#130;&#130; = 1224</p>

<p>Pâ&#130;&#130; × (26/25 + 1) = 1224</p>

<p>Pâ&#130;&#130; × (51/25) = 1224</p>

<p>Pâ&#130;&#130; = 24 × 25 = 600</p>

<p>Veer gave â&#130;¹600 to Pravin</p>
<h2 id="content-id-5194837062-6"><b> Compound Interest Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Compound_Interest_Questions_Tips_and_Tricks.png" alt="Compound Interest Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Compound Interest Questions without taking any help from the solutions.</li><li>Compound 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. 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Calculate the compound in - Simple Interest Questions for Ssc Gd Constable

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The correct answer is option 3 i.e. 600 - Compound Interest Questions are asked in Ssc Gd Constable exams and your question has been explained by experts like Neetu Mam.

 Compound Interest Questions Tips and Tricks

Veer has 1224 with him - Compound Interest Questions for Ssc Gd Constable

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