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11. A sum of money amounts to Rs. 702 in 2 years and Rs. 783 in 3 years. The rate per cent is:
A. 12% per annum
B. 13% per annum
C. 14% per annum
D. 15% per annum
Explanation: ANSWER : 15% per annum
12. A sum was put at simple interest at a certain rate for 2 years. Had it been put at 1% higher rate. It would have fetched Rs. 24 more. The sum is:
A. Rs. 600
B. Rs. 1200
C. Rs. 800
D. Rs. 480
Explanation: ANSWER : Rs. 1200
13. A sum of money at simple interest amounts to Rs. 2240 in 2 years and Rs. 2600 in 5 years. The sum is:
A. Rs. 1880
B. Rs. 2000
C. Rs. 2120
D. data inadequate
Explanation: ANSWER : Rs. 2000
14. A money leader finds that due to a fall in the rate of interest from 13% to 12 % his yearly income diminishes by Rs. 104. His capital is:
A. Rs. 21400
B. Rs. 20800
C. Rs. 22300
D. Rs. 24000
Explanation: ANSWER : Rs. 20800
15. If Rs. 64 amount to Rs. 83.20 in 2 year, what will Rs. 86 amount to in 4 years at the same rate per cent per annum?
A. Rs. 137.60
B. Rs. 124.70
C. Rs. 114.80
D. Rs. 127.40
Explanation: ANSWER : Rs. 137.60