If the compound interest on a sum for 2 years at 10% per annum is Rs. 525, find the sum. MCQ with Answer and Explanation

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If the compound interest on a sum for 2 years at 10% per annum is Rs. 525, find the sum.

A. Rs. 2200

B. Rs. 2000

C. Rs. 2500

D. Rs. 2400

Answer: Option C

Solution (By JKSSB Mock Tests)

CI = P[(1.1)² - 1] = 0.21P = 525 → P = 2500.

This question belongs to: Maths Percentage

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Question #1

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A man spends 25% on rent, 20% of remainder on food, 15% of remainder on education, saves Rs. 15300. Income:

A. 30000

B. 32000

C. 28000

D. 25000

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Correct Answer: Option A

Explanation:
Rent 0.25I, left 0.75I. Food 0.15I, left 0.6I. Education 0.09I, left 0.51I = 15300 → I=30000.

This question belongs to: Maths Percentage

Question #2

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If 12% of x is 60, then x = ?

A. 450

B. 550

C. 500

D. 400

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Correct Answer: Option C

Explanation:
0.12x = 60 → x = 60/0.12 = 500.

This question belongs to: Maths Percentage

Question #3

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A man saves 18% of salary Rs. 12000. His expenditure:

A. 9640

B. 9840

C. 9560

D. 9960

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Correct Answer: Option B

Explanation:
Spends 82% of 12000 = 9840.

This question belongs to: Maths Percentage

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