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SSC Sample Paper SSC CGL - Sample Paper-18

  • question_answer
    A sum is invested at compound interest payable annually. The interest in two successive years was Rs. 225 and Rs. 236.25. The rate of interest was

    A) 4.5%                

    B) 5%

    C) 8%                               

    D) 6.25%

    Correct Answer: D

    Solution :

    Difference between two compound interests \[=Rs.(236.25-225)\] \[=Rs.\,11.25\] This is the interest on Rs. 225 for one year. \[\therefore \]      \[\text{Rate}=\frac{36.15\times 100}{578.40\times 1}=6.25%=6\frac{1}{4}%\]


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