Compound Interest - Data Intensity 1 | Multiple Questions and Answers

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Compound Interest - Data Intensity 1 Multiple Questions and Answers.

41.	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

42.	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

43.	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

44.	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

45.	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%

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