The compound interest on Rs. 12500 at 8% per annum for 1 year compounded half-yearly is: MCQ with Answer and Explanation

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The compound interest on Rs. 12500 at 8% per annum for 1 year compounded half-yearly is:

A. Rs. 1040

B. Rs. 1020

C. Rs. 1060

D. Rs. 1000

Answer: Option B

Solution (By JKSSB Mock Tests)

Half-yearly rate = 4%, n=2. A = 12500 × (1.04)² = 12500 × 1.0816 = 13520, CI = 13520 − 12500 = Rs. 1020.

This question belongs to: Maths Compound Interest

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Question #1

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A sum of money at compound interest amounts to Rs. 10648 in 3 years and Rs. 11712.80 in 4 years. Find the sum.

A. Rs. 8000

B. Rs. 7500

C. Rs. 8500

D. Rs. 7000

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Correct Answer: Option A

Explanation:
Rate = (11712.80/10648 − 1) × 100 = 10%. P = 10648 / 1.331 = 8000.

This question belongs to: Maths Compound Interest

Question #2

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The difference between CI and SI on Rs. 3000 for 2 years at 6% is:

A. Rs. 10.00

B. Rs. 11.20

C. Rs. 9.60

D. Rs. 10.80

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Correct Answer: Option D

Explanation:
D = 3000 × (0.06)² = 3000 × 0.0036 = Rs. 10.80.

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Question #3

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Find the compound interest on Rs. 16800 at 10% per annum for 2 years.

A. Rs. 3528

B. Rs. 3696

C. Rs. 3864

D. Rs. 3360

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Correct Answer: Option A

Explanation:
A = 16800 × 1.21 = 20328, CI = 20328 − 16800 = Rs. 3528.

This question belongs to: Maths Compound Interest

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