Question : On a certain sum of money lent out at 16% per annum, the difference between the compound interest for 1 year, payable half-yearly, and the simple interest for 1 year is Rs. 60. The sum is:

Option 1: Rs. 937.5

Option 2: Rs. 9,000

Option 3: Rs. 9,365

Option 4: Rs. 9,375

Question : Find the amount of a sum of Rs. 7,500 invested on compound interest at 8% p.a. for 1.5 years when the interest is compounded half-yearly.

Option 1: Rs. 8,436.48

Option 2: Rs. 8,736.48

Option 3: Rs. 8,657.48

Option 4: Rs. 8,564.48

Question : On a certain sum, the difference between compound interest and simple interest at 10% per annum for 2 years is Rs.250. The sum is _________.

Option 1: Rs.25,450

Option 2: Rs.26,550

Option 3: Rs.25,000

Option 4: Rs.26,000

Question : Find the difference between compound interest and simple interest when a sum of Rs. 15,625 is invested for 3 years at 4% per annum.

Option 1: Rs. 76

Option 2: Rs. 96

Option 3: Rs. 56

Option 4: Rs. 86

Question : Find the difference between the simple interest and the compound interest payable annually on a sum of Rs. 6,500 at 7% per annum for 3 years. (Correct to two decimal places.)

Option 1: Rs. 94.34

Option 2: Rs. 97.78

Option 3: Rs. 98.73

Option 4: Rs. 95.67