SI

Q.

A certain sum of money amounts to ₹ 1008 in 2 years and to ₹ 1164 in 3.5 years under simple interest. Find the rate of interest.

1. $13\%$

2. $16\%$

3. $18\%$

4. $21\%$

Q.

I borrowed Rs 12000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?

Q.

A sum of money, lent out at simple interest, doubles itself in 8 years. Find:
(i) the rate of interest
(ii) in how many years will the sum become triple (three times) of itself at the same rate per cent?

Q.

A man invested one-third of his capital at $7\%$, one-fourth at $8\%$ and the rest at $10\%$ simple interest, respectively. If his annual income is $₹561$. What will be the capital?

Q. The money borrowed or deposited for a certain period is called _______.

1. principal
2. interest
3. rent
4. loan

Q.

Maturity value is equal to Total sum deposited + ___

1. Interest

2. Principal

3. Rate

4. Deposit

Q.

Find the principal which will amount to Rs. 4000 in 4 years at 6.25% per annum.

Q.

A certain sum amounts to Rs. 3825 in 4 years and to Rs. 4050 in 6 years. Find the rate percent and the sum.

Q.

A sum of money doubles itself in $8$ years at compound interest. It will amount to $16$ times itself at the same rate of interest in:

Q.

On what date will Rs. 1950 lent on 5th January, 2011 amount to Rs. 2125.50 at 5 percent per annum simple interest?

Q.

Ram borrows $₹22500$ at $10\%$ per annum, compounded annually. If he repays $₹11250$ at the end of first year and $₹12550$ at the end of the second year, find the amount of loan outstanding against him at the end of third year.

Q.

Find compound interest on Rs. 7500 at 4$\%$ per annum for 2 years, compounded annually.

1. Rs.641

2. Rs.612

3. Rs.650

4. Rs.720

Q. The extra money charged (from borrowers) or paid (to depositors) by banks is called _______ .

1. rate of interest
2. principal
3. loan
4. interest

Q.

Divide Rs. 15600 into two parts such that the simple interest on one at 5 percent for 5 years is equal to interest on remaining at 6% per annum for 4.5 years.

1. Rs. 8800 and Rs. 6800

2. Rs. 8100 and Rs. 7500

3. Rs. 8600 and Rs. 7000

4. Rs. 7100 and Rs. 8500

Q.

If the interest on Rs. 2400 be more than the interest on Rs. 2000 by Rs. 60 in 3 years at the same rate percent; Find the rate.

Q.

A town has a population of $17000$ and grows at $4\%$ every year.

What will be the population after $5$ years, to the nearest whole number?

Q.

On what principal will the simple interest be Rs. 7008 in 6 years 3 months at 5% per year?

Q.

What sum of money borrowed on 24th May will amount to Rs. 10210.20 on 17th October of the same year at 5 percent per annum simple interest.

Q. A loan of rs. 2000 is to be paid in 3 equal annual installments . How much is each installment to the nearest whole rupees , if the interest is compounded annually at 10%p.a? How to solve this?

Q.

Ramesh invests ₹ 12800 for three years at the rate of $10\%$ per annum compounded annually. Find the sum Ramesh receives at the end of the first year.

1. ₹14000

2. ₹14080

3. ₹15060

4. ₹13090

Q.

If Rs. 3750 amount to Rs. 4620 in 3 years at simple interest. Find
(i) the rate of interest
(ii) the amount of Rs. 7500 in $5\frac{1}{2}$ years at the same rate of interest

Q.

What is the most common method of calculating interest?

Q. For the principal amount of ₹ 50, 000 calculate the simple interest and match the following.

1. ₹ 5, 000
2. ₹ 3, 500
3. ₹ 4, 000

Q. The CI=SI , when principal and rate is same , then time is ______

Q.

$Rs6050$ is borrowed at $6.5\%$rate of interest p.a. Find the interest and the amount to be paid at the end of $3years$.

Q.

Rupees 4000 amount to Rs. 5000 in 8 years: in what time will Rs. 2100 amount to Rs. 2800 at the same rate?

Q. The difference between S.I. and C.I. (compounded annually) on a sum of 64000 for 2 years is 1000. What is the rate of interest per annum?

1. $25$%
2. $16\frac{2}{3}\%$
3. $13\frac{1}{3}\%$
4. $12\frac{1}{2}\%$

Q. At what rate of simple interest $4500willbecome$5040 after 2 years?
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Q. Find the amount to be paid after 5 years for a principal amount of ₹300 at 2% per annum simple interest.

1. 310
2. 320
3. 330
4. 350

Q.

What sum of money lent at 6.5% per annum will produce the same interest in 3 years as Rs. 7500 produce in 6 years at 5% per annum?