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Compound Interest - Data Intensity 2 Multiple Questions and Answers.
| 21. | The difference between C.I. and S.I. 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 | ||
| 22. | A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was? | ||
| A. | Rs. 1620 | ||
| B. | Rs. 1640 | ||
| C. | Rs. 1680 | ||
| D. | Rs. 1700 | ||
| 23. | What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest? | ||
| A. | Rs. 550 | ||
| B. | Rs. 551.25 | ||
| C. | Rs. 560 | ||
| D. | Rs. 560.75 | ||
| 24. | The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is___? | ||
| A. | 3 | ||
| B. | 4 | ||
| C. | 5 | ||
| D. | 6 | ||
| 25. | A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in? | ||
| A. | 7 years | ||
| B. | 10 years | ||
| C. | 15 years | ||
| D. | 20 years | ||
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