Amount

Q. You have deposited ₹ 1000 in the bank. There is a 7% interest on it every year. How much money will you have after 5 years?

1. ₹ 70
2. ₹ 1350
3. ₹ 1070
4. ₹ 350

Q.

Satyam took a loan of Rs. 5000 at 15% per year as rate of interest. The amount paid back by him at the end of the year is (in rupees) ___ .

Q.

Kamala borrowed ₹ 26, 400 from a bank to buy a scooter at a rate of 15% interest per annum compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

1. ₹ 46659.7

2. ₹ 36659.7

3. ₹ 37545
4. ₹ 36660

Q.

A milkman borrowed ₹ 2500 at simple interest from two money lenders. For one loan, he paid $5\%$ p.a. and for the other, he paid $7\%$ p.a. The total interest paid after two years was ₹275. Calculate the money he borrowed at $7\%$ interest?

1. ₹1875

2. ₹ 625

3. ₹ 1000

4. ₹ 1200

Q.

What is the total in an account if Rs. 500 is deposited at 5% simple interest for 5 years?

1. Rs. 625

2. Rs. 125

3. Rs. 500

4. Rs. 6, 250

Q.

A person invested 3 times as much money at $5\%$ as he had invested at $2\%$ per annum simple interest. Further, he invested ₹6000 more at $3\%$ than he had invested at $2\%$. If the total interest from the three investments after a year is ₹ 980, then the total amount he invested is

1. ₹ 17600

2. ₹ 18000

3. ₹ 20000

4. ₹ 26000

Q. Population of a town increases at a certain rate per cent per annum. Present population of the town is 3600 and in 5 years’ time it becomes 4800. How much will it be in 10 years time ?

1. 5000
2. 6000
3. 6400
4. 7000

Q. At the end of the stipulated time period, the interest accumulated gets added to the initial principal and this total value is called, the ______.

1. Interest
2. Amount
3. Rate of Interest
4. None of these

Q. Question 9 (a)
Find the amount to be paid at the end of 3 years in each case:
(a) Principal = Rs 1, 200 at $12\%$ p.a.

Q. Question 9 (b)
Find the amount to be paid at the end of 3 years in each case:
(b) Principal = Rs 7, 500 at $5\%$ p.a.