19/03/2020 Simple 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. 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 C567 : 876 : 908276 : 264 : 253287 : 345: 123284 : 276 : 2872. Which is the formula for simple interest?P×R×T/100P×R/100All can be usedP×V×R3. Banks offer the interest as an "incentive" to customers who open accounts. What does "incentive" mean?PunishmentNone of the aboveTrickEncouragement4. 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 time4004203804405. A sum of money at C.I amounts to thrice itself in three years . In how many years will it be 9 times itself? None of These4 Yrs8 Yrs6 Yrs6. Find the simple interest earned on $1200 invested at 6% for 7 months$32$67$54$427. 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%6%4%3%8. 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.36,895None of the above68,90067,9589. 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.5500Rs.22000Rs.11000Rs.275010. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?240025402592267811. 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 , 18752028 , 18756865 , 876512. 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 interest7%6%5%8%13. 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 5624.325630.505788.1255627.2014. 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.45,000Rs.20,000Rs.12,000Rs.40,00015. What is the difference between Money borrowed and amount?A and BCompound interestNone of the abovSimple interest16. Which is the compound interest for 6 years?All of the aboveP×2n×6None of the aboveP×[1+(r/100]6n17. 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?40 years33 years and 4 monthsCannot be determined25 years18. 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?56 years64 years72 years8 years19. What annual payment will discharge a debt of Rs 770 due in 5 years , the rate of interest being 5% simple interest per annum12013014015020. 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 4 Yrs3 Yrs5 Yrs6 Yrs21 out of 20Time is Up!