The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A. 8
B. 10
C. 12
D. Cannot be determined
Compound Interest · Easy · 3 weeks ago
Question Bank
Compound Interest
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?
A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4
Compound Interest · Easy · 3 weeks ago
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
A. Rs. 51.25
B. Rs. 52
C. Rs. 54.25
D. Rs. 60
Compound Interest · Easy · 3 weeks ago
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?
A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000
Compound Interest · Easy · 3 weeks ago
The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?
A. 6%
B. 8%
C. 10%
D. 12%
Compound Interest · Easy · 3 weeks ago
At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?
A. 5%
B. 6%
C. 10%
D. 15%
Compound Interest · Easy · 3 weeks ago
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:_______?
A. Rs 6.06%
B. Rs 6.07%
C. Rs 6.08%
D. Rs 6.09%
Compound Interest · Easy · 3 weeks ago
The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?
A. Rs 6500
B. Rs 6565
C. Rs 65065
D. Rs 65650
Compound Interest · Easy · 3 weeks ago
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