Question 14

The interest on Rs. 30000 for 3 yr at the rate of 15 % per annum is
(a) Rs. 4500
(b) Rs. 9000
(c) Rs. 18000
(d) Rs. 13500

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Solution

Given, P = Rs. 30000, T = 3 yr, R = 15 %
We know that, $I = \frac{P \times R \times T}{100} = \frac{30000 \times 15 \times 3}{100} = R s . 13500$

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Question 21

The sum which will earn a simple interest of Rs. 126 in 2 yr at 14 % per annum, is
(a) Rs. 394
(b) Rs. 395
(c) Rs. 450
(d) Rs. 540

Question 15

Amount received on Rs. 3000 for 2 yr at the rate of 11 % per annum is
(a) Rs. 2340
(b) Rs. 3660
(c) Rs. 4320
(d) Rs. 3330

The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is
(a) Rs 4,000
(b) Rs 4,080
(c) Rs 4,280
(d) Rs 4,050

Question 3

The compound interest on Rs 50000 at 4% per annum for 2 yr compounded annually is
(a) Rs 4000
(b) Rs 4080
(c) Rs 4280
(d) Rs 4050

R s . 12000

3 y r s

15 %

3 y r s

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