Simple Interest

IMPORTANT

Simple Interest: Overview

The topic covers the concept of simple interest and derives its formula. It also defines the terms principal, interest, rate of interest per annum, time and amount. The exercises involve calculations for interest for multiple years.

Important Questions on Simple Interest

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Find the principal amount borrowed by him. A man took a loan from a bank at the rate of 12% per annum at simple interest. After 3 Years he had to pay 5,400 as interest only for the period.

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If an amount of money grows up to 4500 in 2 years and up to 5000 in 3 years on compound interest, what is the sum?

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On what sum of money will the simple interest for 7 years 6 months at 5% per annum be 450?

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The compound interest, calculated yearly, on a certain sum of money for the second year is 880, and for the third year is 968. What is the rate of interest?

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At what rate per cent per annum simple interest will 66000 amount to 72720 in 2 years?

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Rs. 2,500 is paid every year for 10 years to pay off a loan. What is the loan amount if interest rate be 14% per annum compounded annually?

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Suppose you deposit Rs. 900 per month into an account that pays 14.8% interest compound monthly. How much money will you get after 9 months?

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An amount is lent at a nominal rate of 4.5% per annum compounded quarterly. What would be the gain in rupees over when compounded annually.

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A certain sum invested at 4% per annum compounded semi-annually amounts to Rs. 1,20,000 at the end of one year. Find the sum

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An amount P becomes Rs. 5,100.5 and Rs. 5,203 after second and fourth years respectively, at r% of interst per annum compounded annually. Thus, values of P and r are

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On what sum will the compound interest at 5% p.a for 2 years compounded annually be Rs. 3,280

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What sum of money will produce Rs. 42,800 as an interest in 3 years and 3 months at 2.5% p.a. simple interest?

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A certain sum is invested in stocks on simple interest. If it trebles in 10 years, what is the rate of interest?

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Sonu invests 10000 in corporate bonds at 9% annual interest, compounded yearly. Find the interest amount Sonu earned after 2 years?

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The amount of principal when time=5 years, Interest=2000, Rate=4% is:

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A sum fetched a total simple interest of Rs.1,858.40 at the rate of 8% p. (a) in 5 years. What is the sum?

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A sum of Rs. 16800 is divided into two parts. One part is lend at the simple interest of 6% per annum and the other at 8% per annum. After 2 yr total sum received is Rs. 19000. The sum lend at 6% of simple interest is

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The simple interest on ₹ 200 for 7 months at 5 paisa per rupee per month is:

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A man invested a total of 12,050 in two parts, one at 10% p.a. simple interest for 2 years and the other at the same rate at compound interest, interest being compounded annually, for the same time. The amounts he received from both the parts are equal. The sum (in ) invested at the compound interest is:

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Amit lent a part of 15900 to Raju at 6% SI. Rest to Anil at 5% SI. After 4 years he got an amount of 19376 in total. Then what is the amount paid by Anil in total?