Question : How much simple interest will Rs. 4000 earn in 18 months at 12% per annum?
Option 1: Rs. 216
Option 2: Rs. 360
Option 3: Rs. 720
Option 4: Rs.960
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Correct Answer: Rs. 720
Solution : Given: Principal = Rs. 4000 Time = 18 months = $1\frac{1}{2}=\frac{3}{2}$ years Rate = 12% Simple interest = $\frac{\text{Principal×Rate×Time}}{100}=\frac{4000×\frac{3}{2}×12}{100}=720$ Hence, the correct answer is Rs. 720.
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Question : Find the simple interest on Rs. 2,700 for 8 months at 5 paise per rupee per month.
Option 1: Rs. 950
Option 2: Rs. 720
Option 3: Rs. 540
Option 4: Rs. 1080
Question : In how many years will a sum of Rs. 3000 yield an interest of Rs.1080 at 12% per annum simple interest?
Option 1: $4$ years
Option 2: $3$ years
Option 3: $5$ years
Option 4: $2\frac{1}{2}$ years
Question : The simple interest on Rs. 800 for 6 years at 5.5% per annum is equal to the simple interest on Rs. 600 at 4% per annum for a certain period. The period is:
Option 1: 11 years
Option 2: 9 years
Option 3: 12 years
Option 4: 10 years
Question : How much simple interest (in INR) will INR 6,000 earn in 21 months at 8% per annum?
Option 1: 750
Option 2: 880
Option 3: 620
Option 4: 840
Question : The compound interest on Rs. 4000 for 4 years at 10% per annum will be:
Option 1: Rs. 1856.40
Option 2: Rs. 1600
Option 3: Rs. 1856
Option 4: Rs. 1756.60
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