Question : A sum becomes INR 12960 in 2 years at the rate of 4% per annum on simple interest. What is the sum?

Option 1: INR 10000

Option 2: INR 12200

Option 3: INR 12000

Option 4: INR 11600

Question : A sum becomes INR 27,720 in 7 years at the rate of 14 % per annum on simple interest. What is the sum?

Option 1: INR 13,000

Option 2: INR 14,700

Option 3: INR 15,000

Option 4: INR 14,000

Question : The simple interest on a certain sum of money for 2 years at 7% per annum is double the compound interest on INR 1,000 for 2 years at 10% per annum, compounded annually. What is the sum placed on simple interest?

Option 1: INR 1,000

Option 2: INR 2,000

Option 3: INR 3,000

Option 4: INR 4,000

Question : The compound interest (compounding annually) on a certain sum for 2 years at the rate of 60% per annum is INR 6240. What will be the simple interest on the same sum for 3 years at the same rate of interest?

Option 1: INR 6800

Option 2: INR 7200

Option 3: INR 7100

Option 4: INR 6500

Question : A sum of INR 2000 will become INR 2400 in 12 months at some rate of simple interest. Find the rate of interest per annum.

Option 1: 25%

Option 2: 20%

Option 3: 40%

Option 4: 45%