The compound interest on Rs. 4900 at 10% per annum for 2 years is: MCQ with Answer and Explanation

Question

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The compound interest on Rs. 4900 at 10% per annum for 2 years is:

A. Rs. 1078

B. Rs. 980

C. Rs. 1029

D. Rs. 1127

Answer: Option C

Solution (By JKSSB Mock Tests)

A = 4900 × 1.21 = 5929, CI = 5929 − 4900 = Rs. 1029.

This question belongs to: Maths Compound Interest

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Question #1

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Find the compound interest on Rs. 2500 at 8% per annum compounded half-yearly for 1 year.

A. Rs. 204

B. Rs. 212

C. Rs. 200

D. Rs. 208

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Correct Answer: Option A

Explanation:
Half-yearly rate = 4%, n=2. A = 2500 × (1.04)² = 2500 × 1.0816 = 2704, CI = 2704 − 2500 = Rs. 204.

This question belongs to: Maths Compound Interest

Question #2

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The difference between CI and SI on Rs. 12000 for 2 years at 5% is:

A. Rs. 30

B. Rs. 25

C. Rs. 35

D. Rs. 40

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Correct Answer: Option A

Explanation:
Difference = 12000 × (0.05)² = 12000 × 0.0025 = Rs. 30.

This question belongs to: Maths Compound Interest

Question #3

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The effective rate of interest for 8% per annum compounded half-yearly is:

A. 8.16%

B. 8.30%

C. 8.24%

D. 8.08%

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Correct Answer: Option A

Explanation:
Effective = (1.04)² − 1 = 1.0816 − 1 = 8.16%.

This question belongs to: Maths Compound Interest

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