The compound interest on Rs. 4600 at 10% per annum for 2 years is: MCQ with Answer and Explanation

Question

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The compound interest on Rs. 4600 at 10% per annum for 2 years is:

A. Rs. 1100

B. Rs. 1058

C. Rs. 1012

D. Rs. 966

Answer: Option D

Solution (By JKSSB Mock Tests)

A = 4600 × 1.21 = 5566, CI = 5566 − 4600 = Rs. 966.

This question belongs to: Maths Compound Interest

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Question #1

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The simple interest on a sum for 2 years at 12% is Rs. 720. The compound interest on the same sum for 2 years at 12% is:

A. Rs. 760.00

B. Rs. 768.00

C. Rs. 752.64

D. Rs. 763.20

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Correct Answer: Option D

Explanation:
P = 72000/(12×2) = 3000. CI = 3000[(1.12)² − 1] = 3000 × 0.2544 = 763.20.

This question belongs to: Maths Compound Interest

Question #2

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The simple interest on a sum for 2 years at 7% is Rs. 280. The compound interest on the same sum for 2 years at 7% is:

A. Rs. 289.80

B. Rs. 297.20

C. Rs. 294.00

D. Rs. 300.00

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Correct Answer: Option A

Explanation:
P = 28000/(7×2) = 2000. CI = 2000[(1.07)² − 1] = 2000 × 0.1449 = 289.80.

This question belongs to: Maths Compound Interest

Question #3

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Find the compound interest on Rs. 60000 at 10% per annum for 2 years compounded half-yearly.

A. Rs. 13100

B. Rs. 13000

C. Rs. 13200

D. Rs. 12930

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Correct Answer: Option D

Explanation:
Half-yearly rate 5%, n=4. A = 60000 × (1.05)⁴ = 60000 × 1.21550625 = 72930.375, CI = 12930.375 ≈ 12930.

This question belongs to: Maths Compound Interest

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