- Concepts
- Practice Questions
- Important Formulas
- A sum of ₹400 amounts to ₹480 in 4 years. If the rate of interest is increased by 2
Answer is c
2. A man loses ₹55.50 yearly when the annual rate of interest falls from 11.5
Answer is c
3. If the annual rate of simple interest increases from 10
Answer is c
4. The effective annual rate of interest corresponding to a nominal rate of 13
Answer is b
5. Rohan borrowed a certain sum of money at simple interest. When the rate of interest was 3
Answer is d
Read More: Simple Interest Concepts