The compound interest on a certain sum of money at 5% p.a. for two years is ₹ 246. The simple interest on the same sum for three years at 6% p.a. will be:

1. ₹ 432

2. ₹ 430.50

3. ₹ 432.75

4. ₹ 431.75

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

At what rate of compound interest p.a. will ₹ 20,000 amount to ₹ 26,620 in 3 years?

1. 4%

2. 6%

3. 8%

4. 10%

In what time will ₹ 5,000 amount to ₹ 5,832 at 8% rate of compound interest p.a.?

1. 2 years

2. 4 years

3. 6 years

4. 8 years