The compound interest on Rs. 5000 at 8% per annum for 1 year compounded half-yearly is: MCQ with Answer and Explanation
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Question #1
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The compound interest on Rs. 1250 at 8% per annum for 2 years is:
Correct Answer: Option C
Explanation:
A = 1250 × (1.08)² = 1250 × 1.1664 = 1458, CI = 1458 − 1250 = Rs. 208.
A = 1250 × (1.08)² = 1250 × 1.1664 = 1458, CI = 1458 − 1250 = Rs. 208.
This question belongs to:
Maths
Compound Interest
Question #2
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At what rate percent compound interest will Rs. 10000 amount to Rs. 12100 in 2 years?
Correct Answer: Option A
Explanation:
10000(1+r)² = 12100 ⇒ (1+r)² = 1.21 ⇒ r = 10%.
10000(1+r)² = 12100 ⇒ (1+r)² = 1.21 ⇒ r = 10%.
This question belongs to:
Maths
Compound Interest
Question #3
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Find the amount on Rs. 6250 at 8% per annum compound interest for 2 years.
Correct Answer: Option B
Explanation:
A = 6250 × (1.08)² = 6250 × 1.1664 = 7290.
A = 6250 × (1.08)² = 6250 × 1.1664 = 7290.
This question belongs to:
Maths
Compound Interest
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