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1.  
The simple interest on ₹ 6,000 at 8% per annum for 3 years is:

Correct Answer: C [₹ 1,440]

Explanation:

6,000 × 8 × 3/100 = ₹ 1,440.

2.  
What principal will give a simple interest of ₹ 2,250 at 7.5% per annum in 5 years?

Correct Answer: D [₹ 6,000]

Explanation:

P = 100 × 2,250/(7.5 × 5) = ₹ 6,000.

3.  
At what rate of simple interest will a sum double itself in 10 years?

Correct Answer: A [10%]

Explanation:

R × T = 100 → R = 10%.

4.  
The compound interest on ₹ 10,000 at 10% per annum for 2 years (compounded annually) is:

Correct Answer: B [₹ 2,100]

Explanation:

10,000 × 0.21 = ₹ 2,100.

5.  
The amount on ₹ 5,000 at 20% per annum compound interest for 2 years is:

Correct Answer: A [₹ 7,200]

Explanation:

5,000 × 1.44 = ₹ 7,200.

6.  
The difference between CI and SI on ₹ 12,500 at 6% per annum for 2 years is:

Correct Answer: D [₹ 45]

Explanation:

12,500 × (0.06)² = 12,500 × 0.0036 = ₹ 45.

7.  
The amount on ₹ 24,000 at 10% per annum compounded half-yearly for 1 year is:

Correct Answer: C [₹ 26,460]

Explanation:

5% for 2 periods: 24,000 × 1.1025 = ₹ 26,460.

8.  
The amount on ₹ 4,500 at 6% per annum simple interest for 4 years is:

Correct Answer: B [₹ 5,580]

Explanation:

SI = 1,080 → amount ₹ 5,580.

9.  
A sum becomes 4 times itself in 6 years at compound interest. In how many years will it become 16 times?

Correct Answer: A [12 years]

Explanation:

16 = 4² → 2 × 6 = 12 years.

10.  
The simple interest on ₹ 7,600 at 5% per annum for 9 months is:

Correct Answer: D [₹ 285]

Explanation:

7,600 × 5 × (3/4)/100 = ₹ 285.

11.  
₹ 5,000 is invested at 10% compound interest. The interest for the second year alone is:

Correct Answer: C [₹ 550]

Explanation:

Year 1: 500; year 2: 10% of 5,500 = ₹ 550.

12.  
At what rate of simple interest will ₹ 2,400 earn ₹ 576 in 4 years?

Correct Answer: B [6%]

Explanation:

R = 100 × 576/(2,400 × 4) = 6%.

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