One or Two Questions from Compound Interest Chapter are normally asked in Government Jobs, sarkari Naukri exams like SSC CET, Bank PO, IBPS Clerk.
Compound Interest is the interest that is calculated on the Principle plus interest due on it.
While solving these questions students must read the question carefully as the interest may be compounded annually, half yearly, quarterly or monthly.
Example: If Rs. 10000 amounts to Rs. 11664 invested in Compound Interest (compounded annually) for two years then the annual rate of compound interest is
a). 10%
b). 9%
c). 8%
d). 6%
Answer: 8%
Example: The compound interest on Rs. 4000 for 4 years at 10% per annum will be
a). Rs. 1856.40
b). Rs. 1600
c). Rs. 1856
d). Rs. 1756.60
Answer: Rs. 1856.40
It is advisable that candidates join best coaching classes for sarkari naukri, Government Jobs prepration from an institute near to them and learn methods and techniques to understand and solve questions from Compound Interest chapter. Candidates preparing for sarkari naukri, government Jobs like SSC CET, Bank PO, IBPS clerk can then practice questions from Compound Interest chapter of Quantitative Aptitude section online. These online test and mock test series for sarkari naukri, Government Job helps candidates to evaluate their level of preparation and identify topics in which they need more practice. It also gives them a chance to complete the questions in time bound manner.
Online test series from chapter Compound Interest for SSC CET
Online test series from chapter Compound Interest for Government Job
Online test series from chapter Compound Interest for Bank PO
Online test series from chapter Compound Interest for Sarkari Naukri
SSC CET Online Previous year question paper for practice
SSC CGL Online Previous year question paper for practice
Bank PO Online Previous year question paper for practice
Bank Clerk Online Previous year question paper for practice
IBPS Clerk Online Previous year question paper for practice
