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1. The difference between compound interest and simple interest on an amount Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? (a) 8 (b) 10 (c) 12 (el) Cannot be determined (e) None of these 2. The difference between simple and compound interests compounded annually on certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is (a) 625 (b) 630 (c) 640 (d) 650 3. The compound interest on a sum of money for 2 years is Rs. 832 and the simple interest on the same sum for the same period is Rs. 800. The difference between the compound interest and the simple interest for 3 years will be : (a) Rs. 48 (b) Rs. 66.56 (c) Rs. 98.56 (d) None of these 4. The difference between the simple interest on a certain sum at the rate of 10% pe!annum for 2 years and compound tnterest which is compounded every 6 months is Rs, 124.05. What is the principal sum ? (a) Rs. 6000 (b) Rs. 8000 (c) Rs. 10,000 (d) Rs. 12,000 (e) None of these 5. The difference between compound interest and simple interest on a sum for 2 yeaJ': at 10% per annum, when the interest is compounded annually is Rs. 16. If the interes: were compounded half-yearly, the difference in two interests would be : (a) Rs. 24.81 (b) Rs. 26.90 (c) Rs. 31.61 (d) Rs. 32.40 Answers1. a 2. a 3. c 4. b 5. a Edited by: HELP
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#2 (permalink) |
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1. The difference between compound interest and simple interest on an amount Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? (a) 8 (b) 10 (c) 12 (el) Cannot be determined (e) None of these
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#3 (permalink) |
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2. The difference between simple and compound interests compounded annually on certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is (a) 625 (b) 630 (c) 640 (d) 650
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