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

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

A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is ₹ 8,000, its value after 3 years will be:

1. ₹ 5,382

2. ₹ 5,832

3. ₹ 5,238

4. ₹ 5,638