Question : The difference between simple and compound Interest compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 8. The sum is:

Option 1: Rs. 10,000

Option 2: Rs. 20,000

Option 3: Rs. 5,000

Option 4: Rs. 15,000

Question : The difference between the compound interest and simple interest on Rs. 5,000 for 2 years at 8% per annum payable yearly is:

Option 1: Rs. 30

Option 2: Rs. 31

Option 3: Rs. 33

Option 4: Rs. 32

Question : In how much time will a sum of Rs. 10200 amount to Rs. 19125 at the rate of 12.5% per annum at simple interest?

Option 1: 6 years

Option 2: 5 years

Option 3: 8 years

Option 4: 7 years

Question : The difference between Simple and Compound Interest (compounded annually) on Rs. 40,000 for 3 years at 8% per annum is:

Option 1: Rs. 684.32

Option 2: Rs. 788.48

Option 3: Rs. 784.58

Option 4: Rs. 4,000

Question : If the difference between the compound interest and simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is:

Option 1: Rs. 2000

Option 2: Rs. 4000

Option 3: Rs. 6000

Option 4: Rs. 8000