Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. Find the difference between the C.I and the S.I for the sum Rs 1500 at 10% p.a for two years 10 12.5 17.5 15 None 2. The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years? 8780.80 6250 8530.80 9000 None 3. Find the simple interest on $750 invested at 8% for 3 years $120 $180 $200 $87 None 4. If the difference between the S.I and the C.I for 3 years at 5% per annum is Rs 122 , find the sum 10000 1600 16000 12000 None 5. A sum of Rs 2600 is lent out in two parts in such a way that the interest on one part at 10% S.I for 5 years is equal to that on the other part at 9% S.I for 6 years. Find the two sums 1350 ,1250 1450 , 1250 1300 , 1200 1245 , 1345 None 6. Which is for principal? None of these Si×100/R×2P SI×R×T SI×100/R×T None 7. A sum of money invested for a certain number of years at 8% p.a. simple interest grows to Rs.180. The same sum of money invested for the same number of years at 4% p.a. simple interest grows to Rs.120 only. For how many years was the sum invested? 33 years and 4 months 25 years Cannot be determined 40 years None 8. Which of these in an opinion about interest? None of the above An interest rate of 20 percent ,compounded monthly, is too high Interest can be compounded yearly, monthly, or even daily Most American banks offer interest rates below 10 percent None 9. How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest? 72 years 64 years 8 years 56 years None 10. Calculate the simple interest of an amount of 500, with 3% increase after 4 years? 35,357 79,3678 None of the above 500754 None 11. A father left a will of Rs.35 lakhs between his two daughters aged 8.5 and 16 such that they may get equal amounts when each of them reach the age of 21 years. The original amount of Rs.35 lakhs has been instructed to be invested at 10% p.a. simple interest. How much did the elder daughter get at the time of the will? Rs. 21 lakhs Rs. 17.5 lakhs Rs. 15 lakhs Rs. 20 lakhs None 12. Which is the formula for simple interest? P×V×R P×R×T/100 All can be used P×R/100 None 13. 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% 6% 3% None 14. Find the simple interest on N300.00 for 2 years at 5% per annum. N10.00 N30.00 N60.00 N21.00 N33.00 None 15. Find the time N400 will yield an interest of N40 at the rate of 5% per annum. 4 years 5 years 1 year 2 years 3 years None 16. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually? 2400 2678 2540 2592 None 17. What is the compound interest of a rate of 3.5 % first year, 6.8 second year and 9% the third year. Calculate the amount. None of the above 36,895 68,900 67,958 None 18. How much simple interest does N6000 make in 3 years at 7% per annum? N70 N210 N180 N1260 N420 None 19. A certain sum of money amounts to Rs 756 in 2 years and to Rs 873 in 3.5 years at a certain rate of S.I . Find the sum and rate of interest 500 , 15% 450 , 17 % 600 , 13 % 200 , 14% None 20. A man invested 1/3 of his capital at 7% , 1 / 4 at 8% and the remainder at 10 %. If his annual income is Rs 561, find the capital 7200 6000 5800 6600 None 1 out of 20 Time's upTime is Up!