Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. If the difference between the S.I and the C.I for 3 years at 5% per annum is Rs 122 , find the sum 16000 10000 12000 1600 2. 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 5627.20 5788.125 5630.50 5624.32 3. 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 1300 , 1200 1245 , 1345 1350 ,1250 1450 , 1250 4. 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.5500 Rs.11000 Rs.22000 5. Which is the compound interest for 6 years? P×[1+(r/100]6n P×2n×6 None of the above All of the above 6. A sum of money at C.I amounts to thrice itself in three years . In how many years will it be 9 times itself? 8 Yrs None of These 6 Yrs 4 Yrs 7. Calculate the simple interest of an amount of 500, with 3% increase after 4 years? 79,3678 35,357 500754 None of the above 8. Which is for principal? SI×100/R×T None of these Si×100/R×2P SI×R×T 9. 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? 9000 8780.80 6250 8530.80 10. Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam 2088 2000 3087 None of these 11. N10 000 is saved at compound interest of 11% per annum. The interest after 2 years is N1100 N2200 N2321 N2442 N1221 12. 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.45,000 Rs.20,000 Rs.40,000 13. Banks offer the interest as an "incentive" to customers who open accounts. What does "incentive" mean? None of the above Encouragement Trick Punishment 14. 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 567 : 876 : 908 276 : 264 : 253 287 : 345: 123 284 : 276 : 287 15. 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 5 years 15 years 7.5 years 16. Find the time N400 will yield an interest of N40 at the rate of 5% per annum. 2 years 3 years 4 years 5 years 1 year 17. What will the formulae of SI be if rates vary? None of the above P×(R1+R2+R3+R4...)/100 SI(R×2P)/100 2(SI +T)/100 18. How many years will it take to earn N8100 simple interest on N180000 at 9% per annum? ½yr ¼yr 1½yrs 2yr 1yr 19. The simple interest on Rs 1650 will be less than the interest on Rs 1800 at 4% S.I by Rs 30 . find the time 6 Yrs 4 Yrs 3 Yrs 5 Yrs 20. Find the simple interest on N300.00 for 2 years at 5% per annum. N10.00 N33.00 N21.00 N60.00 N30.00 1 out of 20 Time is Up! Time's up