SSC CGL 7 06 2019 Shift 1 Paper

Question : 74 of 100

Marks: +1, -0

What is the compound interest on a sum of Rs.8,100 for

1 1/4

years at 8% per annum, if the interest is compound 5-monthly? (Nearest to Rs.1)

Solution:

1 \ {1}/{4}

years

=15

months
12 months interest

=8 \%

5 months interest

=\ {8}/{12} \×5=\ {10}/{3} \%

\ {10}/{3} \%=\ {1}/{30}

Now,

Total interest = Rs. 837.3
Or Rs. 837

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