The difference between CI and SI on Rs. 6900 for 2 years at 10% is: MCQ with Answer and Explanation

The difference between CI and SI on Rs. 6900 for 2 years at 10% is:

A. Rs. 60

B. Rs. 72

C. Rs. 65

D. Rs. 69

Answer: Option D

D = 6900 × 0.01 = Rs. 69.

This question belongs to: Maths Compound Interest

No comments yet. Be the first to start the discussion!

Question #1 Report Error

A sum of money at compound interest amounts to Rs. 18150 in 2 years and Rs. 19965 in 3 years. Find the sum.

A. Rs. 15000

B. Rs. 16000

C. Rs. 14000

D. Rs. 17000

Correct Answer: Option A

Explanation:
Rate = (19965/18150 − 1) × 100 = 10%. P = 18150 / 1.21 = 15000.

This question belongs to: Maths Compound Interest

Question #2 Report Error

A man invested Rs. 15000 at compound interest for 2 years at 4% per annum. Find the amount.

A. Rs. 16300

B. Rs. 16224

C. Rs. 16400

D. Rs. 16240

Correct Answer: Option B

Explanation:
A = 15000 × (1.04)² = 15000 × 1.0816 = 16224.

This question belongs to: Maths Compound Interest

Question #3 Report Error

A sum of money amounts to Rs. 4840 in 2 years and Rs. 5324 in 3 years at compound interest. Find the rate.

A. 8%

B. 10%

C. 12%

D. 15%

Correct Answer: Option B

Explanation:
Rate = (5324/4840 − 1) × 100 = (1.1 − 1) × 100 = 10%.

This question belongs to: Maths Compound Interest