Interest

Q.

Question 14

The interest on Rs. 30000 for 3 yr at the rate of 15 % per annum is
(a) Rs. 4500
(b) Rs. 9000
(c) Rs. 18000
(d) Rs. 13500

Q.

Interest on $Rs.12000$ for $1$ month at the rate of $10\%$ per annum is

(a) $Rs.1200$
(b) $Rs.600$
(c) $Rs.100$
(d) $Rs.12100$

Q. What is the compound interest on ₹5000, if the amount is given for 3 years at the rate of interest of 10% compounded annually.

1. ₹ 1655
2. ₹ 6655
3. ₹ 1450
4. ₹ 6450

Q.

Question 132

₹ 9000 becomes ₹ 18000 at simple interest in 8 yr. Find the rate per cent per annum.

Q. Find the principal amount if the simple interest on the sum is Rs. 4016.25 at the rate of $9\%$ per annum for
(a) 5 years
(b) 2 years
(c) 3 years

1. Rs. 14875
2. Rs. 8925
3. Rs. 15765
4. Rs. 22312.5

Q. two equal sums were lent out at 7% and 5% interest respectively.the interests earned on two loans add up to Rs.960 for 4 yrs.find the total sum lent out

Q.

Question 131

Divide ₹ 10000 in two parts, so that the simple interest on the first part for 4 yr at 12% per annum may be equal to the simple interest on the second part for 4.5 yr at 16% per annum.

Q.

A sum of money becomes $\frac{4}{3}$ of itself in 6 years at a certain rate of simple interest find the rate of interest.

Q.

Question 15

Amount received on Rs. 3000 for 2 yr at the rate of 11 % per annum is
(a) Rs. 2340
(b) Rs. 3660
(c) Rs. 4320
(d) Rs. 3330

Q.

Interest is the extra money paid by the borrower to the lender. Say true or false.

1. True

2. False

Q. 8000 is borrowed at 4 interest for annual for 2 years what will be the amount payable at the end of 2 years

Q.

Find the interest on Rs. 1000 at 7% per month for 6 months.

1. Rs. 380

2. Rs. 390

3. Rs. 430

4. Rs. 420

Q.

Question 133

In how many years, will the simple interest on a certain sum be 4.05 times the principal at 13.5% per annum ?

Q.

A sum of money amounts to $Rs.11910.16$ in $1.5$ years at $12\%$ per annum interest being compounded semi annually. Find the sum.

Q.

On what sum of money will the difference between simple interest and compound interest for 2 years at 10 % per annum be ₹ 27

1. ₹ 2700

2. ₹ 2000

3. ₹ 1800

4. ₹ 2500

Q.

Calculate the simple interest on $Rs10,000$ for $5years6months$ at a rate of interest of $4\%$ p.a.

Q.

Question 125

A memorial trust donates ₹ 500000 to a school, the interest on which is to be used for awarding 3 scholarships to students obtaining first three positions in the school examination every year. If the donation earns an interest of 12% per annum and the values of the second and third scholarships are ₹ 20000 and ₹ 15000 respectively, then find out the value of the first scholarship.

Q.

The compound interest on $Rs8,000$ for one year at $16\%$p.a. compounded half yearly is ______, given that${(1.08)}^2=1.1664.$

Q. $A$ and $B$ entered into partnership on 1st April, 2017 without any Partnership Deed. They introduced capitals of $Rs.5,00,000$ and $Rs.3,00,000$ respectively. On 31st October, 2017, $A$ advanced $Rs.2,00,000$ by way of loan to the firm without any agreement as to interest. The Profit and Loss Account for the year ended 31st March, 2018 showed a profit of $Rs.4,30,000$, but the partners could not agree upon the amount of interest on loan to be charged and the basis of division of profits.
Pass a Journal entry for distribution of the profit between the partners and prepare Capital Accounts of both the partners and Loan Account of $A$.

Q.

Question 49

In questions 24 to 59, fill in the blanks to make the statements true.
Interest on Rs. 12500 at 18 % per annum for a period of 2 yr and 4 months is ___ .

Q.

I bought $100$ laptops $Rs.20000$ each and had it transported to my retail store for $Rs.75000.$ What is my selling price per laptop if I make a profit of $5\%$?

Q. Mr. Thomas invested an amount of Rs. 13, 900 divided in two different schemes A and B at the simple interest rate of $14\%$ p.a. and $11\%$ p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

1. Rs.6400
2. Rs.6500
3. Rs.7500
4. None of these

Q. The difference between compound interest and simple interest on an amount of Rs. $15,000$ for $2$ years is Rs. $96$. What is the rate of interest per annum?

1. $8$
2. $10$
3. $12$
4. Cannot be determined
5. None of these

Q.

What is the compound interest on a sum of ₹6000 for a time period of 3 years at the rate of 15% per annum?

1. ₹3000.5

2. ₹3125.25

3. ₹3100.25

4. ₹3150.75

Q.

Question 63

State weather the given statement is true or false.

The interest on ₹ 350 at 5% per annum for 73 days is ₹ 35.

Q.

Question 47

In questions 24 to 59, fill in the blanks to make the statements true.
Interest on Rs. 3000 at 10 % per annum for a period of 3 yr is ___ .

Q. Compound interest is always lesser than simple interest when calculated on the same principal, time period and rate of interest.

1. False
2. True

Q.

Question 64

In questions 60 to 79, state whether the statements are True or False.
The simple interest on a sum of Rs. P for T yr at R % per annum is given by the formula
Simple Interest $=\frac{T\times P\times R}{100}$

Q.

Question 48

In questions 24 to 59, fill in the blanks to make the statements true.
Amount obtained by depositing Rs. 20000 at 8 % per annum for six months, is ___.

Q.

Mr. Thomas invested an amount of Rs. 13, 900 divided into two different schemes A and B at the simple interest rate of $14\%$ p.a. and $11\%$ p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in scheme B?

1. $Rs.6400$

2. $Rs.6409$

3. $Rs.5409$

4. $Rs.5400$