At what rate of compound interest per annum will a sum of Rs.1,200 become Rs.1348.32 in 2 years
a) 6% b) 6.5% c) 7% d) 7.5%
Find the simple interest on Rs.8000 at 7% per annum for 1year 6 months.
a) Rs.730 b) Rs.800 c) Rs.840 d) Rs.715
A bank gives 6% SI on deposits. Find the amount to be deposited to earn an interest of Rs.45 in one year.
a) Rs.450 b) Rs.750 c) Rs.1000 d) Rs.800
In how many years will a sum of money double itself at 12% per annum?
a) 4 years 2 months b) 5 years 6 months
c) 8 years 4 months d) 9 years 2 months
The difference in compound interest and simple interest on a certain amount at 10% per annum at the end of the third year is Rs.930. The principal amount is
a) Rs.20,000 b) Rs.25,000 c) Rs.30,000 d) Rs.30,500
A sum of money at simple interest amounts to Rs.815 in 3 years and to Rs.854 in 4 years.
Find the sum.
a) Rs.650 b) Rs.690 c) Rs.698 d) Rs.700
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