IPMAT Rohtak 2020Arithmetic > Easy420690560None of the options✅ Correct Option: 3Related questions:A certain sum is lent at a certain rate of compound interest. It grows to 1.44 times its value in 2 years. If the same sum is lent at simple interest at the same rate, in how many years would it double itself?Assume it is the beginning of the year today. Ankita will earn INR 10,000 at the end of the year, which she plans to invest in a bank deposit immediately at a fixed simple interest of 0.5% per annum. Her yearly income will increase by INR 10,000 every year, and the fixed simple interest offered by the bank on new deposits will also increase by 0.5% per annum every year. If Ankita continues to invest all her yearly income in new bank deposits at the end of each year, the total interest earned by her, in INR, in five years from today will beA bank offers 5%5\%5% compound interest per annum, calculated on half-yearly basis. A customer deposits ₹3200₹3200₹3200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is: