The difference between CI and SI on Rs. 10000 for 2 years at 10% per annum is: MCQ with Answer and Explanation

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The difference between CI and SI on Rs. 10000 for 2 years at 10% per annum is:

A. Rs. 120

B. Rs. 110

C. Rs. 90

D. Rs. 100

Answer: Option D

Solution (By JKSSB Mock Tests)

Difference = P × (R/100)² = 10000 × 0.01 = Rs. 100.

This question belongs to: Maths Compound Interest

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Practice More Compound Interest Questions

Question #1

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At compound interest, a sum becomes 1.21 times in 2 years. The rate of interest per annum is:

A. 11%

B. 12%

C. 9%

D. 10%

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Correct Answer: Option D

Explanation:
(1 + r)² = 1.21 ⇒ 1 + r = 1.1 ⇒ r = 10%.

This question belongs to: Maths Compound Interest

Question #2

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In how many years will Rs. 800 amount to Rs. 882 at 5% per annum compound interest?

A. 3 years

B. 2 years

C. 4 years

D. 1 year

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Correct Answer: Option B

Explanation:
800(1.05)^t = 882 ⇒ (1.05)^t = 1.1025 = (1.05)² ⇒ t = 2.

This question belongs to: Maths Compound Interest

Question #3

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What sum will amount to Rs. 5832 in 2 years at 8% per annum compound interest?

A. Rs. 4800

B. Rs. 5000

C. Rs. 5200

D. Rs. 5400

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Correct Answer: Option B

Explanation:
P = 5832 / (1.08)² = 5832 / 1.1664 = 5000.

This question belongs to: Maths Compound Interest

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