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. Which is for principal? SI×R×T Si×100/R×2P SI×100/R×T None of these2. Find the compound interest on N30000 for 2 years at 7% per annum. N8400 N4200 N6300 N4347 N21003. A man borrows Rs 5000 for a period of 4 years at 10% S.I , with the condition that he will pay back principal plus interest accumulated in 4 years . After 2 years he goes to the bank and repays 50% of the total amount due. At the end of the 4th year what amount should he pay to clear all dues 2500 4500 3500 15004. What is the difference between Money borrowed and amount? Simple interest A and B Compound interest None of the abov5. 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 15 years 5 years 7.5 years6. 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.5500 Rs.11000 Rs.22000 Rs.27507. 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 An interest rate of 20 percent ,compounded monthly, is too high None of the above8. Find the simple interest earned on $1200 invested at 6% for 7 months $42 $54 $67 $329. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually? 2540 2400 2592 267810. 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 287 : 345: 123 567 : 876 : 908 276 : 264 : 253 284 : 276 : 28711. Which is a formula for Compound interest? 1+n/100 P*1+5n A=P×[1+(r/100)] n R+n/10012. What will the formulae of SI be if rates vary? P×(R1+R2+R3+R4...)/100 SI(R×2P)/100 None of the above 2(SI +T)/10013. 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 5788.125 5624.32 5627.20 5630.5014. Which is the compound interest for 6 years? P×2n×6 None of the above All of the above P×[1+(r/100]6n15. 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 1600 12000 1000016. 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 time 420 440 380 40017. A certain sum is interested at compound. The interest accrued in the first two years is Rs 272 and that in the first three years is Rs 434 , find the rate % 10.50% 12.50% 13.50% 11.50%18. 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%19. A person lends Rs 600 for 5 years and Rs 750 for 2 years , received altogether Rs 450 as S.I . Find the rate per an 12% 8% 12.50% 10%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 6600 6000 5800 720021 out of 20Time is Up!