At what rate percent per annum will Rs. 5000 amount to Rs. 5618 in 2 years at compound interest? MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Compound Interest Questions
Question #1
Report Error
Find the compound interest on Rs. 14400 at 5% per annum for 2 years.
Correct Answer: Option D
Explanation:
A = 14400 × 1.1025 = 15876, CI = 15876 − 14400 = Rs. 1476.
A = 14400 × 1.1025 = 15876, CI = 15876 − 14400 = Rs. 1476.
This question belongs to:
Maths
Compound Interest
Question #2
Report Error
The difference between compound interest and simple interest on Rs. 1600 for 2 years at 5% is:
Correct Answer: Option A
Explanation:
D = 1600 × (0.05)² = 1600 × 0.0025 = Rs. 4.
D = 1600 × (0.05)² = 1600 × 0.0025 = Rs. 4.
This question belongs to:
Maths
Compound Interest
Question #3
Report Error
A sum of money invested at compound interest doubles itself in 14 years. In how many years will it become 4 times of itself?
Correct Answer: Option A
Explanation:
The sum doubles (2^1) in 14 years. It will become 4 (2^2) times in 2 * 14 = 28 years.
The sum doubles (2^1) in 14 years. It will become 4 (2^2) times in 2 * 14 = 28 years.
This question belongs to:
Maths
Compound Interest
No comments yet. Be the first to start the discussion!