SSC CGL – Combined Graduate Level Examination · Question 60
The compound interest on a principal at 20% p.a. for 1.5 years, compounded annually, is ₹3,400. Find the principal.
Show answer & explanation
Answer: (A) ₹10,625
Explanation
Amount factor = 1.2 × 1.1 = 1.32, so 0.32P = 3,400 and P = ₹10,625.