Question : Find compound interest on Rs. 60000 at 10% per annum for 5 years, compounded annually.
Option 1: Rs. 3456.87
Option 2: Rs. 34563.12
Option 3: Rs. 36630.60
Option 4: Rs. 3254.98
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Correct Answer: Rs. 36630.60
Solution : Given: Principle = Rs. 60000 The rate of interest = 10% per annum Time = 5 years We know, $\text{Compound interest}=\text{Principal}×(1+\frac{\text{Rate}}{100})^{\text{Time}}-\text{Principal}$ = $60000(1+\frac{10}{100})^5-60000$ = $60000(\frac{11}{10})^5-60000$ = Rs. 36630.60 Hence, the correct answer is Rs. 36630.60.
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Question : Find the compound interest (CI) on Rs. 12,600 for 2 years at 10% per annum compounded annually.
Option 1: Rs. 3,146
Option 2: Rs. 2,646
Option 3: Rs. 3,646
Option 4: Rs. 2,645
Question : Find the compound interest on Rs 1,65,400 at a rate of 5% per annum for four years, compounded annually.
Option 1: Rs. 34,564.98
Option 2: Rs. 34,527.87
Option 3: Rs. 35,644.73
Option 4: Rs. 54,367.6
Question : Find compound interest on Rs. 8000 at 15% per annum for 2 years, compounded annually.
Option 1: Rs. 2580.00
Option 2: Rs. 6345.51
Option 3: Rs. 2778.81
Option 4: Rs. 26548.81
Question : Find the compound interest on Rs. 8000 at 15% per annum for 2 years (compounded annually).
Option 1: Rs 2580
Option 2: Rs 2450
Option 3: Rs 2400
Option 4: Rs 2550
Question : What is the difference between the compound interest and the simple interest on Rs. 2,000 at 10% interest per annum for 2 years, if, for compound interest, interest is compounded annually?
Option 1: Rs. 20
Option 2: Rs. 40
Option 3: Rs. 80
Option 4: Rs. 60
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