What is the compound interest on Rs. 16000 for 1.5 years at 10% per annum, compounded half-yearly? MCQ with Answer and Explanation
Question
Report Error
Discuss this Question (0)
Practice More Compound Interest Questions
Question #1
Report Error
A sum of money at compound interest becomes 2.25 times in 2 years. In how many years will it become 5.0625 times?
Correct Answer: Option B
Explanation:
2.25 = (1.5)², so rate 50%. 5.0625 = 2.25², so 4 years. Or 2.25 times in 2 years, 5.0625 = (2.25)², so time 2×2=4.
2.25 = (1.5)², so rate 50%. 5.0625 = 2.25², so 4 years. Or 2.25 times in 2 years, 5.0625 = (2.25)², so time 2×2=4.
This question belongs to:
Maths
Compound Interest
Question #2
Report Error
A sum of money at compound interest doubles in 5 years. In how many years will it become 4 times?
Correct Answer: Option B
Explanation:
2²=4, so 5×2=10 years.
2²=4, so 5×2=10 years.
This question belongs to:
Maths
Compound Interest
Question #3
Report Error
The difference between CI and SI on Rs. 12000 for 2 years at 5% is:
Correct Answer: Option A
Explanation:
Difference = 12000 × (0.05)² = 12000 × 0.0025 = Rs. 30.
Difference = 12000 × (0.05)² = 12000 × 0.0025 = Rs. 30.
This question belongs to:
Maths
Compound Interest
No comments yet. Be the first to start the discussion!