SSC Government Jobs Exams Numerical Ability Simple & Compound Interest

The principal amount which yields a compound interest or Rs. 208 in the second year at 4% is

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2549.02 Rs.
If Principle amount=P,
Compound Interest at the end of 2nd year=P(1.04^2-1)=208
P=208/0.0816 =208/0.816
=2549.02
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SSC Other Question

Divide Rs. 15,494 A and B so that A’s share at the end of 9 years may be equal to B’s share at the end of 11 years, compound interest being 20% per annum. Then A’s share is An amount is invested in a bank at compound rate of interest, after first and third year is Rs. 1200 and Rs. 1587 respectively. What is the rate of interest?