Question : What is the Simple Interest on Rs. 5,400 in 5 years at the rate of 12% per annum?
Option 1: Rs. 2,700
Option 2: Rs. 2,950
Option 3: Rs. 3,120
Option 4: Rs. 3,240
Correct Answer: Rs. 3,240
Solution : Sum = Rs. 5400 Time = 5 years Rate = 12% We know, Simple interest $=\frac{\text{Principal × Rate × Time}}{100}=\frac{5400×5×12}{100}=$ Rs. 3,240 Hence, the correct answer is Rs. 3,240.
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Question : The rate of interest per annum at which the total simple interest of a certain capital for 1 year is equal to the total simple interest of the same capital at the rate of 5% per annum for 2 years, is:
Option 1: $\frac{5}{2}$%
Option 2: $10$%
Option 3: $25$%
Option 4: $12.5$%
Question : The simple interest on a sum of money for 3 years is Rs. 240 and the compound interest on the same sum at the same rate for 2 years is Rs. 170. The rate of interest is:
Option 1: $8$%
Option 2: $29\frac{1}{6}$%
Option 3: $12\frac{1}{2}$%
Option 4: $5\frac{5}{17}$%
Question : What is the Compound Interest (in Rs.) on Rs. 12500 at the rate of 12% per annum compounded yearly for 2 years?
Option 1: Rs. 3000
Option 2: Rs. 2980
Option 3: Rs. 3050
Option 4: Rs. 3180
Question : On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4% per annum. It was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned?
Option 1: Rs. 3.50
Option 2: Rs. 7
Option 3: Rs. 14
Option 4: Rs. 35
Question : At some rate of Simple interest, A lent Rs. 6,000 to B for 2 years and Rs. 1,500 to C for 4 years and received 900 as interest from both of them together. The Rate of interest per annum was:
Option 1: 5%
Option 2: 6%
Option 3: 8%
Option 4: 10%
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