Question : The difference between CI and SI for 2 years at a 10% rate of interest is Rs. 4. Find the sum of money:
Option 1: Rs. 400
Option 2: Rs. 200
Option 3: Rs. 300
Option 4: Rs. 800
Correct Answer: Rs. 400
Solution : Given: The difference between CI and SI for 2 years at a 10% Rate of interest is Rs. 4. Difference between Compound Interest and Simple Interest for 2 terms = $\frac{PR^{2}}{100^{2}}$, where $R$ is the rate of interest per term and $P$ is principal. Putting the values in the given formula, we have, ⇒ $4=\frac{P×10×10}{10000}$ ⇒ $4=\frac{P}{100}$ ⇒ $P=4×100=400$ Hence, the correct answer is Rs. 400.
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Question : A sum of Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will the same sum become in 3 years?
Option 1: Rs. 1025
Option 2: Rs. 1042
Option 3: Rs. 1052
Option 4: Rs. 1024
Question : On a certain sum, the difference between compound interest and simple interest at 10% per annum for 2 years is Rs.250. The sum is _________.
Option 1: Rs.25,450
Option 2: Rs.26,550
Option 3: Rs.25,000
Option 4: Rs.26,000
Question : Find the difference between compound interest and simple interest when a sum of Rs. 15,625 is invested for 3 years at 4% per annum.
Option 1: Rs. 76
Option 2: Rs. 96
Option 3: Rs. 56
Option 4: Rs. 86
Question : The simple interest on a sum of money for 3 years is Rs. 240 and the compound interest on the same sum at the same rate for 2 years is Rs. 170. The rate of interest is:
Option 1: $8$%
Option 2: $29\frac{1}{6}$%
Option 3: $12\frac{1}{2}$%
Option 4: $5\frac{5}{17}$%
Question : John invested a sum of money at an annual simple interest rate of 10%. At the end of four years, the amount invested plus interest earned is Rs. 770. The amount invested was:
Option 1: Rs. 650
Option 2: Rs. 350
Option 3: Rs. 550
Option 4: Rs. 500
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