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
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Correct Answer: Rs. 2,646
Solution : Find the compound interest (CI) on Rs. 12,600 for 2 years at 10% per annum compounded annually. Here, principle (P) = Rs. 12,600 Time (T) = 2 years Rate of interest (R) = 10% So, the compound interest = $P(1+\frac{R}{100})^T-P$ = $12600(1+\frac{10}{100})^2-12600$ = $15246-12600$ = Rs. 2,646 Hence, the correct answer is Rs. 2,646.
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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 : 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
Question : What is the compound interest on Rs. 8400 for 2 years at 10% per annum compounded annually?
Option 1: Rs. 10164
Option 2: Rs. 840
Option 3: Rs. 5064
Option 4: Rs. 1764
Question : The compound interest on Rs. 1,00,000 at 25% per annum for 2 years compounded annually is:
Option 1: Rs. 57,650
Option 2: Rs. 50,250
Option 3: Rs. 56,250
Option 4: Rs. 52,255
Question : At what rate of compound interest (compounding annually) per annum will a sum of Rs. 250000 becomes Rs. 275625 in 2 years?
Option 1: 8% per annum
Option 2: 3% per annum
Option 3: 10% per annum
Option 4: 5% per annum
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