The compound interest on Rs. 4400 at 10% per annum for 2 years is: MCQ with Answer and Explanation

Question

Share Report Error

The compound interest on Rs. 4400 at 10% per annum for 2 years is:

A. Rs. 1012

B. Rs. 880

C. Rs. 968

D. Rs. 924

Answer: Option D

Solution (By JKSSB Mock Tests)

A = 4400 × 1.21 = 5324, CI = 5324 − 4400 = Rs. 924.

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

Find the compound interest on Rs. 14400 at 5% per annum for 2 years.

A. Rs. 1476

B. Rs. 1548

C. Rs. 1440

D. Rs. 1512

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
A = 14400 × 1.1025 = 15876, CI = 15876 − 14400 = Rs. 1476.

This question belongs to: Maths Compound Interest

Question #2

The compound interest on a sum for 2 years at 6% is Rs. 370.80. The sum is:

A. Rs. 2800

B. Rs. 3000

C. Rs. 3200

D. Rs. 3400

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CI = P × 0.1236 = 370.80 ⇒ P = 3000.

This question belongs to: Maths Compound Interest

Question #3

In how many years will a sum of Rs. 1600 amount to Rs. 1852.20 at 5% compound interest?

A. 3 years

B. 2 years

C. 2.5 years

D. 3.5 years

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
1600(1.05)^t = 1852.20 ⇒ (1.05)^t = 1.157625 = (1.05)³ ⇒ t = 3.

This question belongs to: Maths Compound Interest

Explore All Compound Interest MCQs