The difference between CI and SI on a sum for 2 years at 10% is Rs. 60. The sum is: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Compound Interest Questions
Question #1
Report Error
What sum will amount to Rs. 5832 in 2 years at 8% per annum compound interest?
Correct Answer: Option B
Explanation:
P = 5832 / (1.08)² = 5832 / 1.1664 = 5000.
P = 5832 / (1.08)² = 5832 / 1.1664 = 5000.
This question belongs to:
Maths
Compound Interest
Question #2
Report Error
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
Report Error
The difference between compound interest and simple interest on Rs. 12500 for 2 years is Rs. 20. Find the rate of interest per annum.
Correct Answer: Option B
Explanation:
Difference for 2 years = P * (R/100)^2 => 20 = 12500 * (R/100)^2 => 20 = 12500 * R^2 / 10000 => 20 = 1.25 * R^2 => R^2 = 20 / 1.25 = 16 => R = 4%.
Difference for 2 years = P * (R/100)^2 => 20 = 12500 * (R/100)^2 => 20 = 12500 * R^2 / 10000 => 20 = 1.25 * R^2 => R^2 = 20 / 1.25 = 16 => R = 4%.
This question belongs to:
Maths
Compound Interest
No comments yet. Be the first to start the discussion!