Class VIII 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? 8 10 12 Cannot be determined There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate ? Rs. 2160 Rs. 3120 Rs. 3972 Rs. 6240 At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? 6% 6.5% 7% 7.5% The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is: 3 4 5 6 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: 625 630 640 650 Do you really want to submit this quiz? Cancel Submit Quiz