Question : A sum of Rs. 2,000 becomes Rs. 3,120 in two years at a certain rate of simple interest. What is the rate of interest per annum?

Option 1: 34% per annum

Option 2: 33% per annum

Option 3: 30% per annum

Option 4: 28% per annum

Question : At what rate of compound interest (compounding annually) per annum will a sum of Rs. 1,000 become Rs. 1,060.90 in 2 years?

Option 1: 2% per annum

Option 2: 4% per annum

Option 3: 3% per annum

Option 4: 5% per annum

Question : If the 10 percent per annum rate of compound interest compounded yearly is equivalent to the x percent per annum rate of compound interest compounded half yearly, then what is the value (Approximate) of x?

Option 1: 6.25 percent

Option 2: 5.32 percent

Option 3: 4.88 percent

Option 4: 4.55 percent

Question : Find the Compound Interest on INR 10,000 for $1 \frac{1}{2}$ years at 20% per annum, interest is payable half-yearly.

Option 1: INR 3,315

Option 2: INR 3,310

Option 3: INR 3,305

Option 4: INR 3,320

Question : A sum of INR 10,000 was invested at a rate of 10% per annum for 2 years, compounded half-yearly. Find the compound interest.

Option 1: 2,151.0625

Option 2: 2,055

Option 3: 2,255

Option 4: 2,155.0625