Question: The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

• 1. 8
• 2. 10
• 3. 12
• 4. Cannot be determined

Question: A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?

• 1. Rs. 1620
• 2. Rs. 1640
• 3. Rs. 1680
• 4. Rs. 1700

Question: What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?

• 1. Rs. 550
• 2. Rs. 551.25
• 3. Rs. 560
• 4. Rs. 560.75

Question: The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________?

• 1. 3
• 2. 4
• 3. 5
• 4. 6

Question: A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?

• 1. 7 years
• 2. 10 years
• 3. 15 years
• 4. 20 years

Question: A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______?

• 1. 2 1/2 %
• 2. 4%
• 3. 5%
• 4. 6 2/3 %

Question: The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________?

• 1. 6.06%
• 2. 6.07%
• 3. 6.08%
• 4. 6.09%

Question: On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is________?

• 1. 10%
• 2. 10.5%
• 3. 12%
• 4. None of these

Question: The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is_________?

• 1. 625
• 2. 630
• 3. 640
• 4. 650

Question: There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?

• 1. Rs. 2160
• 2. Rs. 3120
• 3. Rs. 3972
• 4. Rs. 6240