The difference between CI and SI on Rs. 12500 for 2 years at 4% is: MCQ with Answer and Explanation

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The difference between CI and SI on Rs. 12500 for 2 years at 4% is:

A. Rs. 20

B. Rs. 16

C. Rs. 18

D. Rs. 22

Answer: Option A

Solution (By JKSSB Mock Tests)

D = 12500 × 0.0016 = Rs. 20.

This question belongs to: Maths Compound Interest

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Question #1

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The effective annual rate for 15% per annum compounded half-yearly is:

A. 15.50%

B. 15.56%

C. 15.25%

D. 15.75%

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Correct Answer: Option B

Explanation:
Half-yearly rate 7.5%, (1.075)² = 1.155625, effective = 15.5625% ≈ 15.56%.

This question belongs to: Maths Compound Interest

Question #2

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In how many years will Rs. 2500 amount to Rs. 3025 at 10% per annum compound interest?

A. 1.5 years

B. 2 years

C. 2.5 years

D. 3 years

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Correct Answer: Option B

Explanation:
2500(1.1)^t = 3025 ⇒ (1.1)^t = 1.21 = (1.1)² ⇒ t = 2.

This question belongs to: Maths Compound Interest

Question #3

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In how many years will Rs. 6000 amount to Rs. 7260 at 10% per annum compound interest?

A. 2 years

B. 1.5 years

C. 2.5 years

D. 3 years

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Correct Answer: Option A

Explanation:
6000(1.1)^t = 7260 ⇒ (1.1)^t = 1.21 ⇒ t = 2.

This question belongs to: Maths Compound Interest

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