The difference between CI and SI on Rs. 6000 for 2 years at 5% is: MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Compound Interest Questions
Question #1
Report Error
The effective annual rate for 11% per annum compounded half-yearly is:
Correct Answer: Option C
Explanation:
Half-yearly rate 5.5%, (1.055)² = 1.113025, effective = 11.3025% ≈ 11.30%.
Half-yearly rate 5.5%, (1.055)² = 1.113025, effective = 11.3025% ≈ 11.30%.
This question belongs to:
Maths
Compound Interest
Question #2
Report Error
A sum of money triples itself in 6 years at compound interest. In how many years will it become 9 times?
Correct Answer: Option D
Explanation:
3 times in 6 years, 9 = 3² ⇒ 6 × 2 = 12 years.
3 times in 6 years, 9 = 3² ⇒ 6 × 2 = 12 years.
This question belongs to:
Maths
Compound Interest
Question #3
Report Error
A sum of money at compound interest becomes 7 times in 3 years. In how many years will it become 49 times?
Correct Answer: Option D
Explanation:
49 = 7², so 3 × 2 = 6 years.
49 = 7², so 3 × 2 = 6 years.
This question belongs to:
Maths
Compound Interest
No comments yet. Be the first to start the discussion!