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    Question

    What is the interest rate calculation method for the

    Sukanya Samridhi Yojana, and how is the interest compounded?
    A Simple interest is calculated annually, and it is compounded annually. Correct Answer Incorrect Answer
    B Compound interest is calculated annually, and it is compounded quarterly. Correct Answer Incorrect Answer
    C Simple interest is calculated quarterly, and it is compounded annually. Correct Answer Incorrect Answer
    D Compound interest is calculated quarterly, and it is compounded annually. Correct Answer Incorrect Answer
    E Compound interest is calculated annually, and it is compounded annually. Correct Answer Incorrect Answer

    Solution

    The SSY offers a compound interest rate which is revised quarterly by the government. The interest is calculated on an annual basis and compounded annually.

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