Question : The amount to be paid, when principal = Rs. 2,000, rate of simple interest (R) = 5% and T = 2 years, is:
Option 1: Rs. 3,200
Option 2: Rs. 2,400
Option 3: Rs. 2,200
Option 4: Rs. 3,400
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Correct Answer: Rs. 2,200
Solution : Given: Principal = Rs. 2,000 Rate (R) = 5% Time = 2 years, Simple interest = $\frac{\text{Principal×Rate×Time}}{100}$ ⇒ Simple interest $=\frac{2000×5×2}{100}$ ⇒ Simple interest $=200$ ∴ Required amount = Principal + Simple interest = Rs.(2000 + 200) = Rs. 2200 Hence, the correct answer is Rs. 2200.
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Question : If Rs. 8,500 becomes Rs. 11,050 in 6 years at a certain rate of simple interest, and the rate then becomes 1.8 times higher, what will be the amount after 5 years on the same principal?
Option 1: Rs. 15,625
Option 2: Rs. 14,350
Option 3: Rs. 13,550
Option 4: Rs. 12,325
Question : In 5 years, the simple interest on an amount of Rs. $\mathrm{X}$ is $\frac{2}{5}$th of the principal. The rate of interest per annum is:
Option 1: 12%
Option 2: 8%
Option 3: 10%
Option 4: 5%
Question : There is a 40% increase in an amount in 8 years at simple interest. What will be the compound interest on Rs. 10,000 after 3 years at the same rate?
Option 1: Rs. 1,576.25
Option 2: Rs. 6,305
Option 3: Rs. 7,881.25
Option 4: Rs. 4,728.75
Question : The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years (interest compounded annually) is:
Option 1: Rs. 2520
Option 2: Rs. 2522
Option 3: Rs. 2555
Option 4: Rs. 2535
Question : When will INR 3,720 amount to INR 5,282.4 at 12% simple interest per annum?
Option 1: $3$ years
Option 2: $3 \frac{1}{2}$ years
Option 3: $5 \frac{1}{2}$ years
Option 4: $5$ years
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