Mathematics-Simple Interest and Compound Interest (NTSE Stage-2 (National-Level) Scholastic-Aptitude & Language Comprehension): Questions 1 - 3 of 3

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Question number: 1

» Mathematics » Simple Interest and Compound Interest

MCQ▾

Question

The difference between the simple interest (SI) and compound interest (CI) for 2 years at 4 % per annum is Rs. 20. The principal will be

Choices

Choice (4) Response
a.

Rs. 12500

b.

Rs. 12800

c.

Rs. 11000

d.

Rs. 11500

Question number: 2

» Mathematics » Simple Interest and Compound Interest

MCQ▾

Question

If the simple interest for a certain sum at 7 % per annum for 2 years is Rs. 400. What will be the difference between the compound interest and simple interest?

Choices

Choice (4) Response
a.

Rs. 14

b.

Rs. 16

c.

Rs. 12

d.

Rs. 10

Question number: 3

» Mathematics » Simple Interest and Compound Interest

MCQ▾

Question

If the rate of simple interest is 12 % per annum, the amount that would fetch interest of Rs. 6000 per annum is

Choices

Choice (4) Response
a.

Rs. 7200

b.

Rs. 45000

c.

Rs. 50000

d.

Rs. 72000

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