What is the compound interest on Rs. 20000 for 1 year at 12% per annum, compounded half-yearly? MCQ with Answer and Explanation
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Question #1
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Find the compound interest on Rs. 75000 at 10% per annum for 2 years.
Correct Answer: Option B
Explanation:
A = 75000 × (1.1)² = 75000 × 1.21 = 90750, CI = 90750 − 75000 = Rs. 15750.
A = 75000 × (1.1)² = 75000 × 1.21 = 90750, CI = 90750 − 75000 = Rs. 15750.
This question belongs to:
Maths
Compound Interest
Question #2
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The compound interest on Rs. 4300 at 10% per annum for 2 years is:
Correct Answer: Option C
Explanation:
A = 4300 × 1.21 = 5203, CI = 5203 − 4300 = Rs. 903.
A = 4300 × 1.21 = 5203, CI = 5203 − 4300 = Rs. 903.
This question belongs to:
Maths
Compound Interest
Question #3
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The difference between CI and SI on Rs. 7500 for 2 years at 8% is:
Correct Answer: Option B
Explanation:
D = 7500 × (0.08)² = 7500 × 0.0064 = Rs. 48.
D = 7500 × (0.08)² = 7500 × 0.0064 = Rs. 48.
This question belongs to:
Maths
Compound Interest
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