Question : The difference between compound interest and simple interest on a sum at 20% per annum for two years is Rs. 420. Find the sum (in Rs.).

Option 1: Rs. 8,000

Option 2: Rs. 10,500

Option 3: Rs. 9,000

Option 4: Rs. 11,000

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 difference between simple interest and compound interest (compounding of interest is done annually) on a certain sum of money for 3 years at the rate of 20 percent per annum is Rs. 192. What is the sum?

Option 1: Rs 1500

Option 2: Rs 1400

Option 3: Rs 1000

Option 4: Rs 1200

Question : The difference between the simple interest and the compound interest at the same rate for INR 32,000 for 2 years is 80. What is the rate of interest, if in the case of compound interest, interest is compounded annually?

Option 1: 8% per annum

Option 2: 2% per annum

Option 3: 5% per annum

Option 4: 12% per annum

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