Question : Interest on capital is allowed on

Option 1: Opening capital

Option 2: The capital at the end of the year

Option 3: Average capital of the year

Option 4: the capital for the period capital remains invested in the business.

Question : John invested a sum of money at an annual simple interest rate of 10%. At the end of four years, the amount invested plus interest earned is Rs. 770. The amount invested was:

Option 1: Rs. 650

Option 2: Rs. 350

Option 3: Rs. 550

Option 4: Rs. 500

Question : In the absence of a partnership deed, Interest on capital

Option 1: is allowed @ 6% p.a.

Option 2: is allowed @ 10% p.a.

Option 3: is allowed at the borrowing rate.

Option 4: is not allowed

Question : In the absence of a partnership deed, Interest on capital

Option 1: is allowed @ 6% p.a.

Option 2: is allowed @ 10% p.a.

Option 3: is allowed at the borrowing rate.

Option 4: is not allowed

Question : A person invested a total of Rs. 7,900 in three different schemes of simple interest at 3%, 5%, and 8% per annum. At the end of one year, he had the same interest in all three schemes. What is the money (in rupees) invested at 3%?

Option 1: 2900

Option 2: 3500

Option 3: 4000

Option 4: 5600