Question : Ram bought a bike for Rs. 60,000. He paid Rs. 10,000 cash down and the rest at the end of 2 years at 15% simple interest. How much more did he pay as simple interest?

Option 1: Rs. 15,000

Option 2: Rs. 25,000

Option 3: Rs. 35,000

Option 4: Rs. 50,000

Question : A sum becomes Rs. 7,436 in two years when interest is compounded annually at the rate of 4% per annum. What was the sum?

Option 1: Rs. 7,075

Option 2: Rs. 6,275

Option 3: Rs. 6,575

Option 4: Rs. 6,875

Question : A loan of Rs. 12300 at 5% per annum Compound Interest be repaid in two equal annual instalments at the end of every year. Find the amount of each instalment.

Option 1: Rs. 6651

Option 2: Rs. 6615

Option 3: Rs. 6516

Option 4: Rs. 6156

Question : Ramesh borrowed INR 15,000 at a certain rate of simple interest from a bank. He repaid (the principal but not interest) INR 6,000 after 5 years, and after 5 more years he paid  INR 18,600 and settled his account. Find the rate of simple interest per annum.

Option 1: 12%

Option 2: 10%

Option 3: 8%

Option 4: 6%

Question : A principal of Rs. 10,000, after 2 years compounded annually, the rate of interest is 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to:

Option 1: Rs. 12,000

Option 2: Rs. 12,320

Option 3: Rs. 12,500

Option 4: Rs. 11,320