The difference between CI and SI on Rs. 25000 for 2 years at 4% is: MCQ with Answer and Explanation

The difference between CI and SI on Rs. 25000 for 2 years at 4% is:

A. Rs. 36

B. Rs. 48

C. Rs. 40

D. Rs. 44

Answer: Option C

D = 25000 × (0.04)² = 25000 × 0.0016 = Rs. 40.

This question belongs to: Maths Compound Interest

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Question #1 Report Error

If the compound interest on a sum for 2 years at 5% is Rs. 307.50, the simple interest on the same sum for 2 years at 5% is:

A. Rs. 290

B. Rs. 300

C. Rs. 280

D. Rs. 310

Correct Answer: Option B

Explanation:
CI = P × 0.1025 = 307.50 ⇒ P = 3000. SI = 3000 × 5 × 2 / 100 = Rs. 300.

This question belongs to: Maths Compound Interest

Question #2 Report Error

What sum will amount to Rs. 1331 in 3 years at 10% compound interest?

A. Rs. 1100

B. Rs. 900

C. Rs. 1200

D. Rs. 1000

Correct Answer: Option D

Explanation:
P = 1331 / 1.331 = 1000.

This question belongs to: Maths Compound Interest

Question #3 Report Error

A sum of money amounts to Rs. 10816 in 2 years and Rs. 11248.64 in 3 years at compound interest. Find the sum.

A. Rs. 10000

B. Rs. 10500

C. Rs. 9500

D. Rs. 9000

Correct Answer: Option A

Explanation:
Rate = (11248.64/10816 − 1) × 100 = 4%. P = 10816 / (1.04)² = 10000.

This question belongs to: Maths Compound Interest