Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. 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 1450 , 1250 1300 , 1200 1350 ,1250 1245 , 13452. Which of these in an opinion about interest? Most American banks offer interest rates below 10 percent Interest can be compounded yearly, monthly, or even daily None of the above An interest rate of 20 percent ,compounded monthly, is too high3. Which is a formula for Compound interest? P*1+5n A=P×[1+(r/100)] n 1+n/100 R+n/1004. 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 1785.5 1654.3 1575.25. What annual payment will discharge a debt of Rs 770 due in 5 years , the rate of interest being 5% simple interest per annum 130 150 120 1406. Find the compound interest on N30000 for 2 years at 7% per annum. N4347 N6300 N2100 N8400 N42007. Find the simple interest on N300.00 for 2 years at 5% per annum. N60.00 N21.00 N30.00 N10.00 N33.008. Find the difference between the C.I and the S.I for the sum Rs 1500 at 10% p.a for two years 10 17.5 15 12.59. A sum of money at C.I amounts to thrice itself in three years . In how many years will it be 9 times itself? 4 Yrs None of These 8 Yrs 6 Yrs10. Vijay invested Rs.50,000 partly at 10% and partly at 15%. His total income after a year was Rs.7000. How much did he invest at the rate of 10%? Rs.12,000 Rs.40,000 Rs.45,000 Rs.20,00011. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest? 10 years 7.5 years 15 years 5 years12. What does amount mean? The interest on money borrowed All of the above Accumulation of money borrowed and interest Money used to buy something13. Find the least number of complete years in which a sum of money put out at 20% C.I will be more than doubled Data Inadequate 3 Yrs 4 Yrs 2 Yrs14. 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 600 , 13 % 450 , 17 % 500 , 15% 200 , 14%15. Find the simple interest earned on $1200 invested at 6% for 7 months $54 $32 $67 $4216. If the difference between the S.I and the C.I for 3 years at 5% per annum is Rs 122 , find the sum 12000 16000 10000 160017. An amount of money grows upto Rs 4840 in 2 years and up to Rs 5324 in 3 years on C.I . Find the sum 3600 3800 4200 400018. Which is the formula for simple interest? All can be used P×R×T/100 P×R/100 P×V×R19. Divide Rs 3903 between A and B , so that A’s share at the end of 7 years may equal B’s share at the end of 9 years , compound interest being at 4% 6865 , 8765 2030 , 1875 2045 , 1860 2028 , 187520. Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in these two bonds? Rs.2750 Rs.11000 Rs.22000 Rs.550021 out of 20Time is Up!