SSC CHSL 2025 PYQ — Question 55

SSC CHSL - 13 Nov 2025 - Shift 3 • Quantitative Aptitude • Q55

The compound interest on ₹8,000 for 1 year 6 months at 20% p.a., compounded half-yearly, is:

Show answer & explanation

Correct answer: C

Explanation

Principal = ₹8000
Rate = 20% per annum
Time = 1 year 6 months = 3 half years
According to the formula:
A=P(1+R2×100)2nA = P \left( 1 + \frac{R}{2 \times 100} \right)^{2n}
Half yearly rate= 20/2= 10%
A=8000(1+10100)3A = 8000 \left( 1 + \frac{10}{100} \right)^3
= 8000(1.1)³
= 8000 × 1.331
= 10648
Compound interest = 10648 − 8000 = ₹2648