Question : A boy aged 12 years is left with Rs. 1,00,000 which is under a trust. The trustees invest the money at 6% per annum and pay the minor boy a sum of Rs. 2,500, for his pocket money at the end of each year. The expenses of the trust come out to be Rs. 500 per annum. Find the amount that will be handed over to the minor boy after he attains the age of 18 years.

Option 1: Rs. 1,20,000

Option 2: Rs. 1,50,000

Option 3: Rs. 1,18,000

Option 4: Rs. 1,25,000

Question : Ravi borrowed some money at the rate of $5 \%$ per annum for the first three years, $8 \%$ per annum for the next two years and $10 \%$ per annum for the period beyond 2 years. If he paid a total Simple Interest of Rs. $ 12,750$ at the end of 7 years, then how much money did he borrow?

Option 1: Rs. 25,000

Option 2: Rs. 26,000

Option 3: Rs. 27,000

Option 4: Rs. 24,000

Question : A sum of Rs. 2,000 becomes Rs. 3,120 in two years at a certain rate of simple interest. What is the rate of interest per annum?

Option 1: 34% per annum

Option 2: 33% per annum

Option 3: 30% per annum

Option 4: 28% per annum

Question : At what rate of compound interest (compounding annually) per annum will a sum of Rs. 1,000 become Rs. 1,060.90 in 2 years?

Option 1: 2% per annum

Option 2: 4% per annum

Option 3: 3% per annum

Option 4: 5% per annum

Question : At a certain sum of money with the interest rate of 6% per annum for 4 years, the simple interest is Rs. 4500. Find the compound interest (compounding annually) of 2 years at the same sum when the rate of interest is 4% per annum.

Option 1: Rs. 1,530

Option 2: Rs. 1,430

Option 3: Rs. 1,830

Option 4: Rs. 1,560

Question : What will be the difference between the interest on a sum of Rs. 2,000 at 7% per annum for 3 years and that on a sum of Rs. 3,200 at 6% per annum for 2 years?

Option 1: Rs. 36

Option 2: Rs. 44

Option 3: Rs. 30

Option 4: Rs. 40