The difference between CI and SI for 3 years on Rs. 5000 at 10% is: MCQ with Answer and Explanation

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The difference between CI and SI for 3 years on Rs. 5000 at 10% is:

A. Rs. 155

B. Rs. 165

C. Rs. 160

D. Rs. 150

Answer: Option A

Solution (By JKExamLibrary)

D = 5000 × (0.1)² × (3 + 0.1) = 5000 × 0.01 × 3.1 = Rs. 155.

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. 68

B. Rs. 60

C. Rs. 65

D. Rs. 70

View Answer & Solution Discuss

Correct Answer: Option A

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

This question belongs to: Maths Compound Interest

Question #2 Report Error

What is the principal if the amount after 3 years at 5% compound interest is Rs. 2315.25?

A. Rs. 1900

B. Rs. 2100

C. Rs. 2000

D. Rs. 2200

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Correct Answer: Option C

Explanation:
P = 2315.25 / (1.05)³ = 2315.25 / 1.157625 = 2000.

This question belongs to: Maths Compound Interest

Question #3 Report Error

Find the compound interest on Rs. 8000 for 1.5 years at 10% per annum compounded half-yearly.

A. Rs. 1200

B. Rs. 1300

C. Rs. 1240

D. Rs. 1261

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Correct Answer: Option D

Explanation:
Half-yearly rate = 5%, periods = 3. A = 8000 × (1.05)³ = 8000 × 1.157625 = 9261, CI = 9261 − 8000 = Rs. 1261.

This question belongs to: Maths Compound Interest

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