Question : The compound interest (compounding annually) on a certain sum for 2 years at the rate of 60% per annum is INR 6240. What will be the simple interest on the same sum for 3 years at the same rate of interest?

Option 1: INR 6800

Option 2: INR 7200

Option 3: INR 7100

Option 4: INR 6500

Question : On a certain sum, the simple interest for 2 years is INR 12000. If the sum is INR 12000, then what will be the compound interest (compounding annually) on the same sum at the same rate of interest for the first 3 years?

Option 1: INR 29250

Option 2: INR 29300

Option 3: INR 28500

Option 4: INR 22750

Question : The difference between compound interest (compounding annually) and simple interest on a sum at the rate of 30% per annum for 2 years is INR 3,600. What is the sum?

Option 1: INR 75,000

Option 2: INR 40,000

Option 3: INR 50,000

Option 4: INR 60,000

Question : The compound interest (compounding annually) on a certain sum for 2 years at the rate of 20 percent per annum is Rs. 2420. What will be the simple interest on the same sum for 3 years at the same rate of interest?

Option 1: Rs. 3300

Option 2: Rs. 3000

Option 3: Rs. 3800

Option 4: Rs. 4200

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 : The simple interest on a certain sum of money for 2 years at 7% per annum is double the compound interest on INR 1,000 for 2 years at 10% per annum, compounded annually. What is the sum placed on simple interest?

Option 1: INR 1,000

Option 2: INR 2,000

Option 3: INR 3,000

Option 4: INR 4,000