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6.

Sathish invests Rs. 35,500 in a scheme which earns him simple interest at 15% p.a for 2 years. At the end of 2 years he reinvests the total amount at 20% p.a. What will be the total interest earned by Satish over the principal at the end of 5 years ?

A) Rs. 30,956.80

B) Rs. 35,196

C) Rs. 40,500`

D) Rs. 44,247.20

E) Rs. 41,569.20

7.

Population of a city decreases by 3% of the initial at the beginning of every year. If the present population is 1,25,000. What will be the population after 2 years ?

A) 1,17,600

B) 1,17,610

C) 1,17,000

D) 1,17,611

E) 1,17,613

8.

A sum of money is lent out at compound interest for 2 years at 20% per annum. It would fetch Rs. 482 more if the interest is compounded half yearly, than if it were compounded yearly, the sum of money is

A) Rs. 22,000

B) Rs. 20,000

C) Rs. 25,000

D) Rs. 24,000

E) Rs. 20,500

9.

A sum of money on compound interest amounts to Rs. 10,648 in 3 years and Rs. 9680 in 2 years. The rate of interest per annum is

A) 5%

B) 10%

C) 15%

D) 20%

E) 25%

10.

The difference between simple and compound interest on a certain sum of money for 3 years at 10% p.a. is Rs. 15.50. Find the sum.

A) Rs.300

B) Rs.400

C) Rs.500

D) Rs.1000

E) Rs.800

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