Ques 1 Simple and Compound
A sum of Rs, 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much?
a) Rs.652
b) Rs.752
c) Rs.992
d) Rs. 562
Ques 2 Simple and Compound
Geeta borrowed some money at the rate of 6% p.a for the first two years, at the rate of 9% p.a for the next three years, and at the rate of 14% p.a for the period beyond five years. If she pays a total interest of Rs.11400 at the end of nine years, how much did she boorrow?
a) Rs 10,000
b) Rs 11,000
c) Rs 12,000
d) Rs 14,000
Ques 3 Simple and Compound
A certain sum of money amounts to Rs. 1008 in 2 years and to Rs. 1164 in 7/2 years. Find the sum and the rate of interest.
a) 13%
b) 14%
c) 15%
d) 16%
Ques 4 Simple and Compound
Given that a principal amounts to 10080 at 10% p.a simple interest after two years what is the compound interest for two years on this principal at the same rate?
a) 10164
b) 1764
c) 1640
d) 3764