The difference between CI and SI on Rs. 5600 for 2 years at 5% is: MCQ with Answer and Explanation

The difference between CI and SI on Rs. 5600 for 2 years at 5% is:

A. Rs. 14

B. Rs. 18

C. Rs. 12

D. Rs. 16

Answer: Option A

D = 5600 × 0.0025 = Rs. 14.

This question belongs to: Maths Compound Interest

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Question #1 Report Error

In what time will Rs. 1000 amount to Rs. 1331 at 10% per annum compound interest?

A. 3.5 years

B. 2 years

C. 3 years

D. 2.5 years

Correct Answer: Option C

Explanation:
1000 × (1.1)^t = 1331 ⇒ (1.1)^t = 1.331 = (1.1)³ ⇒ t = 3 years.

This question belongs to: Maths Compound Interest

Question #2 Report Error

The difference between CI and SI on Rs. 2500 for 2 years at 8% is:

A. Rs. 15

B. Rs. 17

C. Rs. 14

D. Rs. 16

Correct Answer: Option D

Explanation:
D = 2500 × 0.0064 = Rs. 16.

This question belongs to: Maths Compound Interest

Question #3 Report Error

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

A. Rs. 1200

B. Rs. 1100

C. Rs. 900

D. Rs. 1000

Correct Answer: Option D

Explanation:
P = 1331 / 1.331 = 1000.

This question belongs to: Maths Compound Interest