Multiple Choice Questions on The compound interest on Rs 2000 in 2 years if the rate of interest is 4 per annum for the first yea........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The compound interest on Rs 2000 in 2 years if the rate of interest is 4 per annum for the first yea...........

Quantitative Aptitude ( CCS) Compound Interest
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    The compound interest on Rs. 2000 in 2 years if the rate of interest is 4% per annum for the first year and 3% per annum for the second year, will be

    Rs. 142.40

    Correct Answer

    Rs. 140.40

    Incorrect Answer

    Rs. 141.40

    Incorrect Answer

    Rs. 143.40

    Incorrect Answer
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    Explanation:

    A=2000(1+4/100)*(1+3/100)
    A=2000(26/25)*(103/100)
    A=2142.4
    CI= A- P = 2142.4-2000 = 142.40

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