Simple Interest and Compound Interest

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Grant Powell
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Simple Interest and Compound Interest 1) Find SI Rs 4,000 at 3% for 4 years 2) Find SI Rs 20,600 at 8% for 2 years 3) Rs55,000 at 16% compounded semiannually for 2 years 4) Rs28,600 at 7.

6,300 to in a span of 2 years, at 5 pcpa rate of compound interest (rounded of to the nearest integer)? a) Rs. 6946 b) Rs. 6876 c) Rs. 6521 d) Rs. 6790 e) Rs.

2 Simple Interest and Compound Interest 1) Find SI Rs 4,000 at 3% for 4 years 2) Find SI Rs 20,600 at 8% for 2 years 3) Rs55,000 at 16% compounded semiannually for 2 years 4) Rs28,600 at 7.9% compounded semiannually for 2 years 5) Rs21,000 at 13.6% compounded quarterly for 4 years 6) How much will a sum of Rs.6,300 to in a span of 2 years, at 5 pcpa rate of compound interest (rounded of to the nearest integer)? a) Rs b) Rs c) Rs d) Rs e) Rs ) What would be the simple interest accrued in 4 yr on a principle of Rs at the rate of 16% per annum? a) Rs b) Rs c) Rs d) Rs 9980 e) None 8) What is the difference between the compound interest and simple interest accrued on an amount of Rs at the end 3 yr at the rate of 12%? a) Rs b) Rs c) Rs d) Rs e) None 9) Find SI if P = Rs. 1000, R = 20% per annum and duration is 4 years a) Rs. 400 b) Rs. 600 c) Rs. 800 d) Rs. 850 e) None 10) A sum becomes 10/9 times itself in 1 yr. Find the rate of simple interest. a) 11 1/2 % b) 11 1/9% c) 12 1/2% d) 121/9% e) None 11) Praveen borrowed Rs at 5% per annum simple interest from Naveen and immediately lent it at 6% per annum simple interest. At the end of 2 1/2 yr he collected the amount and settled his loan. What was his profit? a) Rs. 45 b) Rs. 40 c) Rs. 50 d) Rs. 56 e) None of these

3 12) Neelima s monthly salary is Rs 22,500. She took a loan of Rs 30,000 on simple interest for 3 years at the rate of 5%p.a. The amount that she will be paying as simple interest in 3 years is what percent of his monthly salary? a) 10 b) 18 c) 20 d) 25 e) None of these 13)Lovely took a loan of Rs 10,000 on simple interest at the rate of 3% pa. The total amount that she will be paying as interest in 2 years is 3% of her monthly salary. What is her monthly salary? a) Rs30,000 b) Rs16,000 c) Rs20,000 d) Rs12,000 e) None of these 14)The simple interest credited on an amount of Rs 19,800 at the end of three years is Rs 7,128. What would be the compound interest credited on the same amount at the same rate in the same period? a) Rs b) Rs c) Rs d) Cannot be determined e) None of these Question 15)Ashrika invested a certain amount in Debt and equity Funds in the ratio of 4:5. At the end of one year she earned a total dividend of 30% on her investment.after one year she reinvested the amount including the dividend in the ratio of 6:7 in Debt and Equity Funds.If the amount reinvested in Equity Funds was Rs 94,500,what was the original amount invested in Equity Funds? a) Rs 75,000 b) Rs 81,000 c) Rs 60,000 d) Rs 65,000 e) None of these 16. Which of the following is the best investment for Rs ? (a) 12% at SI for 4 years (b) 11% CI for 2 years (c) 15% SI for 2 years (d) either (a) or (b) (e) None of these 17.How many least complete years will be there if a sum of money put at 20 % compound interest will be more than doubled? (a) 2 years (b) 3 years (c) 5 years (d) 4 years (e) NOT 18. If P, Q and R are three sums of money such that Q is the simple interest on R and R is the simple interest on P for same rate of interest and for same period, then the relation between P, Q and R is? (a) R =P/Q (b)p²=r*q (c) P=Q=R (d) Q=R*P² (e) R²=P*Q

4 19. Raghav borrowed some money at the rate of 6% p.a. for the first three years, 9 % p.a. for the next five years and 13 % p.a. for the period beyond 8 years. If the total amount interest paid by him at the end of eleven years is Rs. 8160, how much money did he borrow (a) Rs.8000 (b) Rs (c) Rs (d) Rs.8500 (e) Rs A sum of amount earns simple interest of Rs after 8 years. Had the interest 3% more, how much more interest would it have earned? (a) 3% (b) data inadequate (c) 5% (d) 5.6% (e) NOT 21. Maddy borrowed Rs. 960 from Jacob at 12% p.a. SI for 6 years. He then added some more money to the borrowed sum and lent it to Peter at 14 % p.a. If Maddy gains Rs. 200 in the whole transaction, how much money did he add from his side? (a) Rs (b) Rs. 101 (c) Rs (d) Rs (e) Rs What interest will Harish have on Rs. 450 in 2 years, if an interest of Rs is charged on Rs.2 for 4 years? (a) Rs. 150 (b) Rs. 110 (c) Rs. 90 (d) Rs. 50 (e) Rs The simple interest accrued on a sum of money is Rs in 4 years at the rate of8%.what will be the compound interest on thrice that of the principal at the rate of 6 % in 3 years? (a) Rs (b) Rs (c) R.s (d) Rs (e) NOT 24. Ayush invested Rs into two parts in such a way that if one part be put at 5% and other at 6 % the yearly income may be Rs How much did he invest at 6%? (a) Rs (b) Rs. 180 (c) Rs (d) data inadequate (e) NOT 25. An interest of Rs is received when a certain sum of money is invested in scheme X for 4 years which offers interest of 8% per annum. When the same money is invested in scheme Y amount received is Rs , what is the rate of interest offered by scheme Y? (a) 11¾% (b) 12¾% (c) 11% (d) 15% (e) 16½%

5 26. A sum of money was invested for 5 years in a scheme which offers simple interest at a rateof 12% per annum. The amount received after 5 years was reinvested in the same scheme for 10 years. If the amount received after reinvesting for the same period is Rs. 782 more than initial sum of money, what was the initial sum of money invested in the scheme? (a) Rs. 190 (b) Rs. 750 (c) Rs.20 (d) Rs. 850 (e) NOT 27. The compound interest accrued on an amount of Rs at the end of two years is Rs What would be the simple interest accrued on the same amount at the same rate in the same period? (a) Rs.5280 (b) Rs (c) Rs (d) Rs (e) Rs The simple interest obtained on an amount of Rs at the end of 4 years is Rs What would be the approximate interest obtained on the same amount at half the initial rate and double the initial period if compounded quarterly? (a) Rs (b) Rs (c) Rs (d) data inadequate (e) NOT 29. Ram Gopal invests an amount of Rs for 4 years at the rate of 4 % per annum. Dhruv invests Rs at the same rate of interest for 5 years. What will be the interest they both together get by investing total amount at the rate of 6% per annum for 10 years compounded half yearly? (a) Rs (b) Rs (c) Rs (d) Rs (e) NOT 30. The simple interest obtained when a sum of money is invested for 4 years at 18 % per annum is Rs. 427 more than the simple interest for 2 years at 22% per annum. What is the amount obtained when the same sum of money is invested for 4 years at 20 % per annum? (a) Rs (b) Rs (c) Rs (d) Rs (e) NOT

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Class 8: Chapter 15 Simple Interest and Compound Interest Exercise 15A

Class 8: Chapter 15 Simple Interest and Compound Interest Exercise 15A Class 8: Chapter 1 Simple Interest and Compound Interest Exercise 1A Q1. Find the simple interest and amount on: i. Rs. 00 for 1 years at 7 % per annum 3 S. I. P Rs. 000, R 7 3 % 3 3 % T 1 year year S.