The difference between CI and SI on a sum for 2 years at 10% is Rs. 150. The sum is: MCQ with Answer and Explanation

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The difference between CI and SI on a sum for 2 years at 10% is Rs. 150. The sum is:

A. Rs. 15000

B. Rs. 14000

C. Rs. 12000

D. Rs. 13000

Answer: Option A

Solution (By JKSSB Mock Tests)

D = P × 0.01 = 150 ⇒ P = 15000.

This question belongs to: Maths Compound Interest

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Practice More Compound Interest Questions

Question #1

Find the compound interest on Rs. 8500 at 8% per annum for 2 years.

A. Rs. 1420

B. Rs. 1414.40

C. Rs. 1440

D. Rs. 1430

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Correct Answer: Option B

Explanation:
A = 8500 × (1.08)² = 8500 × 1.1664 = 9914.40, CI = 9914.40 − 8500 = Rs. 1414.40.

This question belongs to: Maths Compound Interest

Question #2

Find the compound interest on Rs. 1500 at 10% per annum for 2 years.

A. Rs. 300

B. Rs. 330

C. Rs. 310

D. Rs. 315

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Correct Answer: Option D

Explanation:
A = 1500 × (1.1)² = 1500 × 1.21 = 1815, CI = 1815 − 1500 = Rs. 315.

This question belongs to: Maths Compound Interest

Question #3

The compound interest on Rs. 3700 at 10% per annum for 2 years is:

A. Rs. 777

B. Rs. 814

C. Rs. 740

D. Rs. 851

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Correct Answer: Option A

Explanation:
A = 3700 × 1.21 = 4477, CI = 4477 − 3700 = Rs. 777.

This question belongs to: Maths Compound Interest

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