Q1. An automobile financier claims to be lending money at simple interest but he includes the interest every six months for calculating the principal If he is charging an interest of 10 the effective rate of interest becomes

Q2. Vivek took a loan from the bank at 8 per annum and was supposed to pay a sum of Rs 2500 at the end of 4 years If the same sum is cleared off in four equal annual instalments at the same rate then the amount of annual instalment will be

Q3. A lent Rs 4000 to B for 3 years and Rs 5000 to C for 4 years on simple interest at the same rate of interest and received Rs 3200 in total from both as interest The rate of interest per annum is

Q4. Rs 800 amount to Rs 920 in 3 years at simple interest If the interest rate is increased by 3 it would amount to how much

Q5. An automobile financier claims to be lending money at simple interest but he includes the interest every six months for calculating the principal If he is charging an interest of 10 the effective rate of interest becomes