**16) What annual instalment will discharge a debt of Rs 47250 due 3 yr hence at the rate of 5% simple interest ?**

a) Rs 15500

b) Rs 16000

c) Rs 15000

d) Rs 14000

**17) Harsh makes a fixed deposit of Rs 20,000 with the Bank of India for a period of 3 years. If the** **rate of interest be 13% SI per annum charged half-yearly, what amount will he get after 42 months?**

(a) 27,800

(b) 28,100

(c) 29,100

(d) 28,500

**18) In what time does a sum of money becomes four times at the simple interest rate of 10% per annum ?**

a) 30 yr

b) 25yr

c) 35 yr

d) 40 yr

**19) A sum of money doubles itself at compound interest in 15 yr. In how many years will it becomes eight times ?**

a) 20 yr

b) 40 yr

c) 35 yr

d) 45 yr

**20) A certain sum of money amounts to Rs 1125 in 5 yr and to Rs 1200 in 8 yr. The sum is**

a) Rs 900

b) Rs 500

c) Rs 1000

d) Rs 800

**21) The simple interest on a certain sum of money for 2 yr at 6% per annum is Rs 300. The compound interest at the same rate for the same time will be **

a) Rs 310

b) Rs 308

c) Rs 307

d) Rs 309

**22) The compound interest on Rs 350 for 1 yr at 4% per annum, the interest being payble half yearly, will be**

a) Rs 364.14

b) Rs 365.15

c) Rs 14.14

d) 15.15

**23) A certain sum is invested for certain time, it amounts to Rs 450 at 7% per annum. Bt when invested at 5% per annum, It amounts to Rs 350. The time is**

a) 50 yr

b) 60 yr

c) 45 yr

d) 40 yr

**24) Sundaran invested an amount of Rs 10000 at compound interest rate of 10 percent per annum for a period of 3 yr. How much will he get after 3 yr ?**

a) Rs 12340

b) Rs 13210

c) Rs 13320

d) Rs 13310

**25) After how many years will a sum of Rs 12,500 become Rs 17,500 at the rate of 10% per annum?**

(a) 2 years

(b) 3 years

(c) 4 years

(d) 5 years

**26) A sum of money is borrowed and paid back in two equal annual instalments of ` 882, allowing 5% ****compound interest. The sum borrowed was**

(a) Rs 1640

(b) Rs 1680

(c) Rs 1620

(d) Rs 1700

**27) A difference between the interest received from two different banks on Rs 400 for 2 years is Rs 4. ****What is the difference between their rates?**

(a) 0.5%

(b) 0.2%

(c) 0.23%

(d) 0.52%

**28) What is the amount of equal instalment, if a sum of Rs 1428 due 2 years hence has to be completely ****repaid in 2 equal annual instalments starting next year.**

(a) 700

(b) 800

(c) 650

(d) Cannot be determined