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?
  1. 8
  2. 10
  3. 12
  4. 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 ?
  1. Rs. 2160
  2. Rs. 3120
  3. Rs. 3972
  4. Rs. 6240
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
  1. 6%
  2. 6.5%
  3. 7%
  4. 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:
  1. 3
  2. 4
  3. 5
  4. 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:
  1. 625
  2. 630
  3. 640
  4. 650
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