The difference between CI and SI on Rs. 7500 for 2 years at 8% is: MCQ with Answer and Explanation

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The difference between CI and SI on Rs. 7500 for 2 years at 8% is:

A. Rs. 42

B. Rs. 50

C. Rs. 45

D. Rs. 48

Answer: Option D

Solution (By JKSSB Mock Tests)

D = 7500 × (0.08)² = 7500 × 0.0064 = Rs. 48.

This question belongs to: Maths Compound Interest

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Question #1

The difference between CI and SI on Rs. 9600 for 2 years at 5% is:

A. Rs. 20

B. Rs. 22

C. Rs. 26

D. Rs. 24

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Correct Answer: Option D

Explanation:
D = 9600 × 0.0025 = Rs. 24.

This question belongs to: Maths Compound Interest

Question #2

The effective annual rate for 18% per annum compounded half-yearly is:

A. 19.25%

B. 19.00%

C. 18.50%

D. 18.81%

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Correct Answer: Option D

Explanation:
Half-yearly rate 9%, (1.09)² = 1.1881, effective = 18.81%.

This question belongs to: Maths Compound Interest

Question #3

Find the compound interest on Rs. 14400 at 5% per annum for 2 years.

A. Rs. 1476

B. Rs. 1548

C. Rs. 1512

D. Rs. 1440

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Correct Answer: Option A

Explanation:
A = 14400 × 1.1025 = 15876, CI = 15876 − 14400 = Rs. 1476.

This question belongs to: Maths Compound Interest

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