Question : The price of a mobile is Rs. 30,000. The value of the mobile depreciates by 12% at the end of the first year and at the end of next year, it depreciates by 15%. What will be the value of the mobile after 2 years?

Option 1: Rs. 25,255

Option 2: Rs. 22,440

Option 3: Rs. 20,000

Option 4: Rs. 25,000

Question : A two-wheeler depreciates by 20% of its value every year. If the present value of the same is Rs. 90,000, its depreciated value would be Rs. 36,864 after:

Option 1: 6 years

Option 2: 5 years

Option 3: 4 years

Option 4: 3 years

Question : What is the simple interest on a principal of INR 24,000 for 4 years at the rate of 5% per annum?

Option 1: INR 4,800

Option 2: INR 3,600

Option 3: INR 5,600

Option 4: INR 5,000

Question : On a certain sum of money, the simple interest for 2 years is INR 150 at the rate of 10% per annum. What is the difference between compound interest and simple interest for 2 years if, in the case of compound interest, interest is compounded annually at the rate of 10% per annum?

Option 1: INR 5

Option 2: INR 10

Option 3: INR 7.5

Option 4: INR 12.5

Question : The simple interest on a certain sum of money for 2 years at 7% per annum is double the compound interest on INR 1,000 for 2 years at 10% per annum, compounded annually. What is the sum placed on simple interest?

Option 1: INR 1,000

Option 2: INR 2,000

Option 3: INR 3,000

Option 4: INR 4,000