A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?

Related Mcqs:

1. A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________?

   A. Rs 230
   B. Rs 232
   C. Rs 600
   D. Rs 832

2. Rs. 6000 is lent out in two parts. One part is lent at 7% p.a simple interest and the other is lent at 10% p.a simple interest. The total interest at the end of one year was Rs. 450. Find the ratio of the amounts lent at the lower rate and higher rate of interest?

   A. 5 : 1
   B. 4 : 1
   C. 3 : 2
   D. 2 : 1

3. The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?

   A. 10 %
   B. 12 %
   C. 6 %
   D. 8 %

4. The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?

   A. 6%
   B. 8%
   C. 10%
   D. 12%

5. A man invests a certain sum of money at 6% per annum simple interest and another sum at 7% per annum simple interest. His income from interest after 2 years was Rs. 354. One-forth of the first sum is equal to one-fifth of the second sum. The total sum invested was :

   A. Rs.3100
   B. Rs.2700
   C. Rs.2200
   D. Rs.1800

6. 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:_______?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

7. The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

   A. Rs.3000
   B. Rs.3300
   C. Rs.3600
   D. Rs.3900

8. A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate.

   A. Rs.500
   B. Rs.250
   C. Rs.5012.50
   D. Rs.5062.50
   E. None of these.

9. The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:_______?

   A. Rs 145
   B. Rs 150
   C. Rs 165
   D. Rs 180
   E. None of these

10. The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

    A. 10%
    B. 12%
    C. 6%
    D. 8%