Question : Ridhaan took a loan of INR 12,000 at the rate of 8% simple interest per annum. What amount will he have to pay after 6 months, if he decides to repay the entire loan amount with interest at that time?

Option 1: INR 12,580

Option 2: INR 12,480

Option 3: INR 14,690

Option 4: INR 13,720

Question : What sum of money should be invested to earn a simple interest of INR 5,040 in 3 years and 6 months at a 12% rate of interest per annum?

Option 1: INR 9,000

Option 2: INR 11,000

Option 3: INR 15,000

Option 4: INR 12,000

Question : A sum of INR 2000 will become INR 2400 in 12 months at some rate of simple interest. Find the rate of interest per annum.

Option 1: 25%

Option 2: 20%

Option 3: 40%

Option 4: 45%

Question : What is the interest payable on INR 12,000 for 3 months at the rate of 10% per annum, if interest is compounded quarterly?

Option 1: INR 250

Option 2: INR 200

Option 3: INR 300

Option 4: INR 350

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 : Karun borrowed INR 12,000 from Varun and INR 15,000 from Tarun, each for two years at the same rate of simple interest per annum. If he paid an interest of INR 1,680 to Varun at the end of 2 years, then what is the interest that Karun paid to Tarun at the end of the 2 years?

Option 1: INR 2,050

Option 2: INR 1,800

Option 3: INR 2,100

Option 4: INR 2,350