Find the compound interest on Rs. 17500 at 8% per annum for 2 years. MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Compound Interest Questions
Question #1
Report Error
A sum amounts to Rs. 2662 in 3 years at 10% compound interest. The sum is:
Correct Answer: Option C
Explanation:
P = 2662 / (1.1)³ = 2662 / 1.331 = 2000.
P = 2662 / (1.1)³ = 2662 / 1.331 = 2000.
This question belongs to:
Maths
Compound Interest
Question #2
Report Error
The compound interest on a certain sum for 2 years at 4% per annum is Rs. 816. Find the principal sum.
Correct Answer: Option B
Explanation:
Effective rate of compound interest for 2 years at 4% = 4 + 4 + (44)/100 = 8.16%. Given 8.16% of P = 816 => P = 816 / 0.0816 = Rs. 10000.
Effective rate of compound interest for 2 years at 4% = 4 + 4 + (44)/100 = 8.16%. Given 8.16% of P = 816 => P = 816 / 0.0816 = Rs. 10000.
This question belongs to:
Maths
Compound Interest
Question #3
Report Error
The compound interest on Rs. 7800 at 10% per annum for 2 years is:
Correct Answer: Option D
Explanation:
A = 7800 × 1.21 = 9438, CI = 9438 − 7800 = Rs. 1638.
A = 7800 × 1.21 = 9438, CI = 9438 − 7800 = Rs. 1638.
This question belongs to:
Maths
Compound Interest
No comments yet. Be the first to start the discussion!