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SSC CHSL 2025 · PYQ · Compound Interest · medium

If ₹60,000 is invested at a compound interest of 20% p.a. for 18 months, then find the interest earned given that the sum is compounded every 6 months.

  1. A.₹12,550
  2. B.₹14,670
  3. C.₹19,860✓ Correct
  4. D.₹21,800

Explanation

Rate per 6 months = 10%, periods = 3. Amount = 60000 × (1.1)³ = 60000 × 1.331 = ₹79,860. Interest = 79860 − 60000 = ₹19,860.
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