If the interest is compounded half-yearly, then, C.I. when the principal is ₹ 7,400, the rate of interest is 5% p.a. and the duration is one year, is:

1. ₹ 373.63

2. ₹ 374.63

3. ₹ 373.36

4. ₹ 373

The simple interest on a sum of money for 2 years at 4% per annum is ₹ 340. The compound interest on this sum for one year payable half-yearly at the same rate is:

1. ₹ 170.70

2. ₹ 107.70

3. ₹ 171.70

4. ₹ 270.70

Ramesh wants to get ₹ 6,050 from a bank after 2 years. If the bank gives 10% p.a. compound interest, then the amount of money he has to keep now in the bank is:

1. ₹ 5,500

2. ₹ 5,000

3. ₹ 5,600

4. ₹ 5,800

The difference between the compound and simple interest on a certain sum deposited for 2 years at 5% p.a. is ₹ 12. The sum will be :

1. ₹ 4,500

2. ₹ 4,600

3. ₹ 4,800

4. ₹ 5,000