Question : The sum lent at 5% per annum (i.e., 365 days) simple interest, which produces interest, of Rs. 2 a day, is:

Option 1: Rs. 1400

Option 2: Rs. 14700

Option 3: Rs. 14600

Option 4: Rs. 7300

Question : In how many years will the simple interest on a sum of Rs. 6000 lent at 5% per annum be equal to the simple interest on a sum of Rs. 2000 lent for 30 years at 4% per annum?

Option 1: 6 years

Option 2: 12 years

Option 3: 20 years

Option 4: 8 years

Question : The difference in simple interest on a certain sum at 6% per annum for 5 years and 5% per annum for 4 years is Rs. 422. Find the sum

Option 1: Rs. 2570

Option 2: Rs. 4220

Option 3: Rs. 6500

Option 4: Rs. 1990

Question : A person lends a certain sum of money at the rate of 6% per annum on simple interest and the interest received in 13 years is Rs. 220 less than the sum lent. What is the sum lent?

Option 1: Rs. 1000

Option 2: Rs. 600

Option 3: Rs. 800

Option 4: Rs. 1200

Question : At what rate of compound interest (compounding annually) per annum will a sum of Rs. 250000 becomes Rs. 275625 in 2 years?

Option 1: 8% per annum

Option 2: 3% per annum

Option 3: 10% per annum

Option 4: 5% per annum

Question : A person lent a certain sum of money at the annual rate of 5 percent on simple interest. In 4 years, the interest amounted to Rs. 800. What is the sum lent?

Option 1: Rs. 4,000

Option 2: Rs. 2,000

Option 3: Rs. 1,600

Option 4: Rs. 3,200