general math MCQ #410

The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest. Interest

general math MCQ #410

  1. Question 1

    Q1. The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest. Interest

    • A) Rs.3502.80
    • B) Rs.3052.40
    • C) Rs. 9418.2
    • D) Rs. 9148.1

    Answer: Rs. 9148.1

    Explanation: SI rate = 7200/(12000×5) = 12% p.a.; CI for 5 years at 12% = 12000×(1.12⁵ − 1) ≈ Rs. 9148.1.