Question : The simple interest on a certain sum of money at the rate of 5% per annum for 8 years is Rs. 840. The rate of interest for which the same amount of interest can be received on the same sum after 5 years is:

Option 1: 7% per annum

Option 2: 8% per annum

Option 3: 9% per annum

Option 4: 10% per annum

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 : A sum of INR 12,000 amounts to INR 15,000 in 5 years at the rate of simple interest. What is the rate of interest per annum?

Option 1: 8%

Option 2: 7%

Option 3: 6%

Option 4: 5%

Question : A certain sum becomes 4 times of itself in 5 years at a rate of simple interest. In 15 years it will become how many times of itself at the same rate of simple interest?

Option 1: 12

Option 2: 10

Option 3: 9

Option 4: 8

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