Arihant Expert Team Solutions for Exercise 1: MULTIPLE CHOICE QUESTIONS AND ANSWERS

Two equal sums were lent at simple interest for $4$ years and $3$ years respectively. The rate of interest in the latter case was $3\%$ higher than that of the former case, but the amount in each was $Rs.1088$. The rate of interest in the former case was:

A certain sum of money at simple interest amounted to $₹8400$ in $10$ years at $6\%$ pa. What will be same sum amount to at $3\%$ for $20$ years.

If the interest on a certain sum be $5$paise per rupee per month, what is the rate percent per annum?

At what percent per annum will $Rs. 3000$ amount to $Rs. 3993$in $3$years, if the interest is compounded annually?

On what sum does the difference between the compound interest and simple interest for $3$years at $10\%$ is $₹ 31$?

If an amount is $2.25$ times of the sum after $2$years at compound interest per annum, then the rate of interest is:

What sum will amount to $Rs.12100$ in $2$years at $10\%$ p. a. of compound interest?

In what time $₹16,000$ will amount to $₹18522$ at $5\%$ per annum compound interest, interest being compounded annually?