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Interest Page 2

6. The simple interest on a certain sum of money for 2 years at 10% per annum is Rs. 400. Find the compound interest at the same rate and for the same time. |

A. Rs. 400 |

B. Rs. 420 |

C. Rs. 450 |

D. None of these. |

7. Rs. 7500 is borrowed at compound interest at the rate of 4% per annum. What will be the amount to be paid after 6 months, if interest is compounded quarterly? |

A. Rs. 7850.75 |

B. Rs. 7650.75 |

C. Rs. 8650.75 |

D. Rs. 8750.75 |

8. What will be the difference in simple and compound interest on Rs. 2000 after three years at the rate of 10 per cent per annum? |

A. Rs. 60 |

B. Rs. 61 |

C. Rs. 62 |

D. None of these. |