The difference between CI and SI on Rs. 5200 for 2 years at 10% is: MCQ with Answer and Explanation

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The difference between CI and SI on Rs. 5200 for 2 years at 10% is:

A. Rs. 48

B. Rs. 52

C. Rs. 50

D. Rs. 55

Answer: Option B

Solution (By JKSSB Mock Tests)

D = 5200 × 0.01 = Rs. 52.

This question belongs to: Maths Compound Interest

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Question #1

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A sum of money doubles itself in 6 years at compound interest compounded annually. In how many years will it become 16 times of itself?

A. 24 years

B. 18 years

C. 30 years

D. 36 years

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Correct Answer: Option A

Explanation:
The sum becomes 2^1 times in 6 years. It will become 16 (2^4) times in 4 * 6 = 24 years.

This question belongs to: Maths Compound Interest

Question #2

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What is the compound interest on Rs. 30000 for 1 year at 10% per annum, compounded half-yearly?

A. Rs. 3100

B. Rs. 3075

C. Rs. 3150

D. Rs. 3000

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Correct Answer: Option B

Explanation:
Half-yearly rate = 10/2 = 5%. Time = 2 half-years. Amount = 30000 * (1 + 5/100)^2 = 30000 * 1.1225 = Rs. 33075. Compound Interest = 33075 - 30000 = Rs. 3075.

This question belongs to: Maths Compound Interest

Question #3

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The compound interest on Rs. 1700 at 10% per annum for 2 years is:

A. Rs. 357

B. Rs. 374

C. Rs. 391

D. Rs. 340

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Correct Answer: Option A

Explanation:
A = 1700 × 1.21 = 2057, CI = 2057 − 1700 = Rs. 357.

This question belongs to: Maths Compound Interest

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