19/03/2020Simple and Compound Interest(Study by Topics Junior Class) 0Comments by Gate Academy Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. Find the simple interest on N300.00 for 2 years at 5% per annum.N60.00N21.00N10.00N30.00N33.002. 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%2045 , 18602030 , 18756865 , 87652028 , 18753. 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 C287 : 345: 123284 : 276 : 287567 : 876 : 908276 : 264 : 2534. Which is the formula for simple interest?All can be usedP×R/100P×V×RP×R×T/1005. 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 year23.21785.51575.21654.36. Find the time N400 will yield an interest of N40 at the rate of 5% per annum.3 years1 year5 years2 years4 years7. 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.2750Rs.22000Rs.11000Rs.55008. How many years will it take to earn N8100 simple interest on N180000 at 9% per annum?¼yr1yr½yr1½yrs2yr9. Which of these in an opinion about interest?None of the aboveInterest can be compounded yearly, monthly, or even dailyMost American banks offer interest rates below 10 percentAn interest rate of 20 percent ,compounded monthly, is too high10. 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. 15 lakhsRs. 17.5 lakhsRs. 21 lakhsRs. 20 lakhs11. 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 year5624.325788.1255630.505627.2012. Find the least number of complete years in which a sum of money put out at 20% C.I will be more than doubled2 Yrs3 Yrs4 YrsData Inadequate13. 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 years56 years64 years8 years14. 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.40,000Rs.20,000Rs.45,000Rs.12,00015. If the difference between the S.I and the C.I for 3 years at 5% per annum is Rs 122 , find the sum160012000100001600016. 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?62508530.8090008780.8017. Find the simple interest earned on $1200 invested at 6% for 7 months$67$42$54$3218. 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 sums1300 , 12001450 , 12501350 ,12501245 , 134519. What is the difference between Money borrowed and amount?None of the abovCompound interestSimple interestA and B20. Find the simple interest on $750 invested at 8% for 3 years$120$180$87$20021 out of 20Time is Up!