Question : The difference in simple interest on a certain sum at 6% per annum for 5 years and 5% per annum for 4 years is Rs. 422. Find the sum

Option 1: Rs. 2570

Option 2: Rs. 4220

Option 3: Rs. 6500

Option 4: Rs. 1990

Question : At what rate of compound interest per annum, a sum of Rs. 20,000 becomes Rs. 23,152.50 in 1 year and 6 months compounded half-yearly?

Option 1: 10% per annum

Option 2: 5% per annum

Option 3: 12% per annum

Option 4: 8% per annum

Question : In how many years will the simple interest on a sum of Rs. 6000 lent at 5% per annum be equal to the simple interest on a sum of Rs. 2000 lent for 30 years at 4% per annum?

Option 1: 6 years

Option 2: 12 years

Option 3: 20 years

Option 4: 8 years

Question : Rs. 2300 is invested for 3 years in a scheme of simple interest at a rate of 12% per annum. What is the amount obtained (in Rs.) after 3 years?

Option 1: Rs. 3128

Option 2: Rs. 3456

Option 3: Rs. 3724

Option 4: Rs. 2950

Question : A principal of Rs. 16000 is invested at simple interest for 4 years. If the per annum rate of interest is 20 percent, then what will be the amount after 4 years?

Option 1: Rs. 23480

Option 2: Rs. 28800

Option 3: Rs. 26480

Option 4: Rs. 30420