Question : The difference between compound interest and simple interest on a sum of Rs. 16,000 for two years is Rs. 160. Find the per annum rate of interest.

Option 1: 12%

Option 2: 10%

Option 3: 11%

Option 4: 15%

Question : The difference between compound interest and simple interest on a sum at 20% per annum for two years is Rs. 420. Find the sum (in Rs.).

Option 1: Rs. 8,000

Option 2: Rs. 10,500

Option 3: Rs. 9,000

Option 4: Rs. 11,000

Question : Find the difference between compound interest (compounding annually) and simple interest on a sum of Rs. 56,000 for two years at 15% per annum.

Option 1: Rs. 1300

Option 2: Rs. 2410

Option 3: Rs. 1100

Option 4: Rs. 1260

Question : The difference between simple interest and compound interest (compounding of interest is done annually) on a certain sum of money for 3 years at the rate of 20 percent per annum is Rs. 192. What is the sum?

Option 1: Rs 1500

Option 2: Rs 1400

Option 3: Rs 1000

Option 4: Rs 1200

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