On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is________?

Related Mcqs:

1. 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

2. 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

3. A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________?

   A. Rs.4400
   B. Rs.4445
   C. Rs.4460
   D. Rs.4520

4. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

   A. 3.46%
   B. 4.5%
   C. 5%
   D. 6%

5. A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

   A. Rs.2520
   B. Rs.3120
   C. Rs.3320
   D. Rs.2760
   E. None of these

6. A sum of money amounts to Rs 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is :

   A. 5%
   B. 8%
   C. 12%
   D. 15%

7. A sum of money amounts to Rs. 9800 after 5 years and Rs. 12005 after 8 years at the same rate of simple interest. The rate of interest per annum is:

   A. 5%
   B. 8%
   C. 12%
   D. 15%

8. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the rate and for the same time?

   A. Rs. 51.25
   B. Rs. 52
   C. Rs. 54.25
   D. Rs. 60

9. The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______?

   A. Rs.350
   B. Rs.375
   C. Rs. 380
   D. Rs. 400

10. A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

    A. Rs.150
    B. Rs.140
    C. Rs.130
    D. Data insufficient for the answer