The compound interest on Rs. 12000 at 5% per annum for 2 years is: MCQ with Answer and Explanation

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The compound interest on Rs. 12000 at 5% per annum for 2 years is:

A. Rs. 1290

B. Rs. 1260

C. Rs. 1200

D. Rs. 1230

Answer: Option D

Solution (By JKExamLibrary)

A = 12000 × (1.05)² = 12000 × 1.1025 = 13230, CI = 13230 − 12000 = Rs. 1230.

This question belongs to: Maths Compound Interest

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Practice More Compound Interest Questions

Question #1 Report Error

The difference between CI and SI on Rs. 6800 for 2 years at 10% is:

A. Rs. 60

B. Rs. 70

C. Rs. 65

D. Rs. 68

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Correct Answer: Option D

Explanation:
D = 6800 × 0.01 = Rs. 68.

This question belongs to: Maths Compound Interest

Question #2 Report Error

The simple interest on a sum for 2 years at 8% is Rs. 320. The compound interest on the same sum for 2 years at 8% is:

A. Rs. 358.40

B. Rs. 371.20

C. Rs. 332.80

D. Rs. 345.60

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Correct Answer: Option C

Explanation:
P = 32000/(8×2) = 2000. CI = 2000 × 0.1664 = 332.80.

This question belongs to: Maths Compound Interest

Question #3 Report Error

Find the principal that yields a compound interest of Rs. 410 in 2 years at 5% per annum.

A. Rs. 3800

B. Rs. 4200

C. Rs. 4000

D. Rs. 4400

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Correct Answer: Option C

Explanation:
CI = P[(1.05)² − 1] = P × 0.1025 = 410 ⇒ P = 410 / 0.1025 = 4000.

This question belongs to: Maths Compound Interest

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