Class VIII The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: Rs. 2.50 Rs. 3 Rs. 3.75 Rs. 4 Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is: Rs. 1650 Rs. 1550 Rs. 1750 . Rs. 2000 The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? 8 10 12 Cannot be determined The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is: 625 630 640 650 The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: . 2 2 1 2 3 4 Do you really want to submit this quiz? Cancel Submit Quiz