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 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 : A principal of Rs. 16000 is invested at simple interest for 4 years. If the per annum rate of interest is 20 percent, then what will be the amount after 4 years?

Option 1: Rs. 23480

Option 2: Rs. 28800

Option 3: Rs. 26480

Option 4: Rs. 30420

Question : A person deposited Rs. 500 for 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was:

Option 1: 4%

Option 2: 5%

Option 3: 2%

Option 4: 3%

Question : If the compound interest on a certain sum for 2 years at 4% per annum is Rs. 102, the simple interest on the same rate of interest for two years would be:

Option 1: Rs. 200

Option 2: Rs. 50

Option 3: Rs. 150

Option 4: Rs. 100