The compound interest on a sum for 2 years at 11% is Rs. 464.20. The sum is: MCQ with Answer and Explanation

Question

Share Report Error

The compound interest on a sum for 2 years at 11% is Rs. 464.20. The sum is:

A. Rs. 1900

B. Rs. 2100

C. Rs. 1800

D. Rs. 2000

Answer: Option D

Solution (By JKSSB Mock Tests)

CI = P[(1.11)² − 1] = P × 0.2321 = 464.20 ⇒ P = 2000.

This question belongs to: Maths Compound Interest

Request complete Subject PDF

Discuss this Question (0)

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

Practice More Compound Interest Questions

Question #1

In how many years will Rs. 1500 amount to Rs. 1815 at 10% per annum compound interest?

A. 2 years

B. 1.5 years

C. 3 years

D. 2.5 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
1500(1.1)^t = 1815 ⇒ (1.1)^t = 1.21 ⇒ t = 2.

This question belongs to: Maths Compound Interest

Question #2

In how many years will Rs. 800 amount to Rs. 882 at 5% per annum compound interest?

A. 4 years

B. 1 year

C. 2 years

D. 3 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
800(1.05)^t = 882 ⇒ (1.05)^t = 1.1025 = (1.05)² ⇒ t = 2.

This question belongs to: Maths Compound Interest

Question #3

The difference between CI and SI on Rs. 8400 for 2 years at 5% is:

A. Rs. 21

B. Rs. 19

C. Rs. 20

D. Rs. 18

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
D = 8400 × 0.0025 = Rs. 21.

This question belongs to: Maths Compound Interest

Explore All Compound Interest MCQs