Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest? 5 years 7.5 years 10 years 15 years None 2. At a certain rate of simple interest Rs 800 amounted to Rs 920 in 3 years . If the rate of interest be decreased by 3% , what will be the amount after 3 years 298 648 347 848 None 3. A person lends Rs 600 for 5 years and Rs 750 for 2 years , received altogether Rs 450 as S.I . Find the rate per an 10% 12.50% 12% 8% None 4. Find the time N400 will yield an interest of N40 at the rate of 5% per annum. 2 years 4 years 5 years 3 years 1 year None 5. Which is a formula for Compound interest? P*1+5n A=P×[1+(r/100)] n 1+n/100 R+n/100 None 6. Rakesh borrows Rs 7000 from a bank at S.I . After three years he paid Rs 3000 to the bank and at the end of 5 years from the date of borrowing he paid Rs 5450 to the bank to settle the account . Find the rate of interest 8% 6% 5% 7% None 7. What does amount mean? Accumulation of money borrowed and interest All of the above The interest on money borrowed Money used to buy something None 8. A man invests an amount of Rs 15860 in the names of his three sons in such a way that they get the same amount after 2 ,3 and 4 years respectively. If the rate of simple interest is 5% , then find the ratio in which the amount was invested for A, B and C 276 : 264 : 253 284 : 276 : 287 567 : 876 : 908 287 : 345: 123 None 9. Which is the compound interest for 6 years? P×[1+(r/100]6n P×2n×6 None of the above All of the above None 10. Which is the formula for simple interest? All can be used P×R/100 P×R×T/100 P×V×R None 11. Find the simple interest earned on $1200 invested at 6% for 7 months $42 $54 $32 $67 None 12. A sum of money at S.I amounts to Rs 600 in 4 years and to Rs 650 in 6 years , find the rate % p.a 5% 4% 3% 6% None 13. How much simple interest does N6000 make in 3 years at 7% per annum? N420 N180 N1260 N70 N210 None 14. Which is the formula for compound interest of six months? None of the above P×5(1+n) All of the above P[1+R/2/100] ^2n None 15. The S.I on a certain sum of money for 2 years at 10% p.a is Rs 400. Find the C.I at the same rate and for the same time 380 400 420 440 None 16. What will the formulae of SI be if rates vary? SI(R×2P)/100 P×(R1+R2+R3+R4...)/100 None of the above 2(SI +T)/100 None 17. Find the simple interest on $750 invested at 8% for 3 years $120 $180 $87 $200 None 18. Calculate the simple interest of an amount of 500, with 3% increase after 4 years? 500754 79,3678 None of the above 35,357 None 19. Find the C.I on Rs 10,000 for 3 years if the rate of interest is 4% for the 1st year , 5% for the 2nd year and 6% for the 3rd year 23.2 1575.2 1785.5 1654.3 None 20. A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year 5624.32 5627.20 5630.50 5788.125 None 1 out of 20 Time's upTime is Up!