The difference between CI and SI on Rs. 6900 for 2 years at 10% is: MCQ with Answer and Explanation

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The difference between CI and SI on Rs. 6900 for 2 years at 10% is:

A. Rs. 72

B. Rs. 69

C. Rs. 60

D. Rs. 65

Answer: Option B

Solution (By JKSSB Mock Tests)

D = 6900 × 0.01 = Rs. 69.

This question belongs to: Maths Compound Interest

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Question #1

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The effective rate of interest for 8% per annum compounded half-yearly is:

A. 8.30%

B. 8.08%

C. 8.16%

D. 8.24%

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Correct Answer: Option C

Explanation:
Effective = (1.04)² − 1 = 1.0816 − 1 = 8.16%.

This question belongs to: Maths Compound Interest

Question #2

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

A. Rs. 374

B. Rs. 340

C. Rs. 357

D. Rs. 391

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Correct Answer: Option C

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

This question belongs to: Maths Compound Interest

Question #3

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What sum will yield Rs. 410 as compound interest in 2 years at 5% per annum?

A. Rs. 3900

B. Rs. 4000

C. Rs. 4100

D. Rs. 3800

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Correct Answer: Option B

Explanation:
P = 410 / 0.1025 = 4000.

This question belongs to: Maths Compound Interest

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