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

Question : A invested an amount of Rs. 12,000 in a fixed deposit scheme for 2 years at an interest rate of 5% per annum, compounded annually. How much amount will A get on maturity of the fixed deposit?

Option 1: Rs. 13,230

Option 2: Rs. 11,280

Option 3: Rs. 12,450

Option 4: Rs. 14,560

Question : A person deposited Rs. 500 for 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was:

Option 1: 4%

Option 2: 5%

Option 3: 2%

Option 4: 3%

Question : Find the sum of money invested by a man in a scheme that offers compound interest(compounding annually) at a 6% rate of interest per annum if compound interest for 2 years is Rs. 618.

Option 1: Rs. 7000

Option 2: Rs. 9000

Option 3: Rs. 5000

Option 4: Rs. 4000

Question : Rs. 7205 is invested in a scheme of compound interest (compounding annually). If the rate of interest is 20% per annum, what is the interest earned (in Rs.) in 1 year?

Option 1: Rs. 1422

Option 2: Rs. 1540

Option 3: Rs. 1441

Option 4: Rs. 1544