Question

Answer the following questions with steps.
1. Choose the correct answer
15x1=15
1. The number of conversion period , if the interest on a
principal is compounded every two months is
a) 2
64 c) 6
d) 12
2. The difference between simple interest and compound
interest on a certain sum of money for 2 years at 2% p.a is
1. The sum of money is
a) 2000 b) 1500 c) * 3000 d) * 2500
3. The single discount which is equivalent to two successive
discount of 20% and 25% is
a) 40%
b)45% c)5% d) 22.5%
4. If 48% of 48 = 64% of x, then x =
a) 64
b) 56 c) 42 d)36
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Answer 1

Answer:

(1)

The pricipal has 2

(2) sum money of 2000

(3)discount of 20% &25%ls 45%

x is than 36