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

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

A. Rs. 36

B. Rs. 44

C. Rs. 40

D. Rs. 48

Answer: Option C

Solution (By JKSSB Mock Tests)

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

This question belongs to: Maths Compound Interest

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Practice More Compound Interest Questions

Question #1

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

A. Rs. 9200

B. Rs. 9800

C. Rs. 9400

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 #2

In how many years will Rs. 1200 amount to Rs. 1389.15 at 5% compound interest?

A. 2.5 years

B. 3 years

C. 2 years

D. 3.5 years

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Correct Answer: Option B

Explanation:
1200(1.05)^t = 1389.15 ⇒ (1.05)^t = 1.157625 = (1.05)³ ⇒ t = 3.

This question belongs to: Maths Compound Interest

Question #3

A sum of money at compound interest amounts to Rs. 11520 in 2 years and Rs. 13824 in 3 years. Find the sum.

A. Rs. 7000

B. Rs. 8000

C. Rs. 8500

D. Rs. 7500

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Correct Answer: Option B

Explanation:
Rate = (13824/11520 − 1) × 100 = 20%. P = 11520 / (1.2)² = 11520 / 1.44 = 8000.

This question belongs to: Maths Compound Interest

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