Find the compound interest on Rs. 31250 for 3 years at 8% per annum, compounded annually. MCQ with Answer and Explanation
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Question #1
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The difference between CI and SI on Rs. 8400 for 2 years at 5% is:
Correct Answer: Option C
Explanation:
D = 8400 × 0.0025 = Rs. 21.
D = 8400 × 0.0025 = Rs. 21.
This question belongs to:
Maths
Compound Interest
Question #2
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The compound interest on Rs. 2400 for 2 years at 5% per annum is:
Correct Answer: Option A
Explanation:
A = 2400 × (1.05)² = 2400 × 1.1025 = 2646, CI = 2646 − 2400 = Rs. 246.
A = 2400 × (1.05)² = 2400 × 1.1025 = 2646, CI = 2646 − 2400 = Rs. 246.
This question belongs to:
Maths
Compound Interest
Question #3
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The difference between CI and SI on Rs. 7700 for 2 years at 10% is:
Correct Answer: Option B
Explanation:
D = 7700 × 0.01 = Rs. 77.
D = 7700 × 0.01 = Rs. 77.
This question belongs to:
Maths
Compound Interest
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