The difference between CI and SI on Rs. 1400 for 2 years at 10% is: MCQ with Answer and Explanation

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The difference between CI and SI on Rs. 1400 for 2 years at 10% is:

A. Rs. 13

B. Rs. 14

C. Rs. 15

D. Rs. 12

Answer: Option B

Solution (By JKSSB Mock Tests)

D = 1400 × 0.01 = Rs. 14.

This question belongs to: Maths Compound Interest

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Question #1

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The difference between CI and SI on Rs. 25000 for 2 years at 4% is:

A. Rs. 48

B. Rs. 36

C. Rs. 44

D. Rs. 40

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Correct Answer: Option D

Explanation:
D = 25000 × (0.04)² = 25000 × 0.0016 = Rs. 40.

This question belongs to: Maths Compound Interest

Question #2

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What sum will amount to Rs. 10584 in 2 years at 5% compound interest?

A. Rs. 9200

B. Rs. 9400

C. Rs. 9800

D. Rs. 9600

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Correct Answer: Option D

Explanation:
P = 10584 / 1.1025 = 9600.

This question belongs to: Maths Compound Interest

Question #3

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At what rate percent per annum will Rs. 50000 amount to Rs. 54080 in 2 years, compound interest compounded annually?

A. 6%

B. 5%

C. 4%

D. 3%

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Correct Answer: Option C

Explanation:
Amount/Principal = 54080 / 50000 = 5408 / 5000 = 2704 / 2500 = (52 / 50)^2 = (1.04)^2. Therefore, 1 + R/100 = 1.04 => R = 4%.

This question belongs to: Maths Compound Interest

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