19/03/2020 Simple and Compound Interest(Study by Topics Junior Class) 19/03/2020 0Comments by Gate Academy Welcome to your Simple and Compound Interest(Study by Topics Junior Class) NAME EMAIL PHONE NUMBER 1. 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 None of these 2000 3087 2088 2. Banks offer the interest as an "incentive" to customers who open accounts. What does "incentive" mean? Punishment Trick Encouragement None of the above 3. How many years will it take to earn N8100 simple interest on N180000 at 9% per annum? ¼yr 2yr ½yr 1yr 1½yrs 4. At a certain rate of simple interest Rs 800 amounted to Rs 920 in 3 years . If the rate of interest be decreased by 3% , what will be the amount after 3 years 648 347 298 848 5. What does amount mean? All of the above Money used to buy something Accumulation of money borrowed and interest The interest on money borrowed 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? None of These 6 Yrs 4 Yrs 8 Yrs 7. Find the difference between the C.I and the S.I for the sum Rs 1500 at 10% p.a for two years 12.5 10 17.5 15 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. 68,900 67,958 36,895 None of the above 9. 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? Cannot be determined 33 years and 4 months 40 years 25 years 10. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest? 5 years 7.5 years 10 years 15 years 11. 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 % 13.50% 10.50% 11.50% 12.50% 12. 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 1785.5 23.2 1654.3 1575.2 13. What annual payment will discharge a debt of Rs 770 due in 5 years , the rate of interest being 5% simple interest per annum 140 150 120 130 14. 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? 8 years 72 years 56 years 64 years 15. 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% 2028 , 1875 2030 , 1875 2045 , 1860 6865 , 8765 16. 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% 17. 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 4200 4000 3800 3600 18. 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. 21 lakhs Rs. 20 lakhs Rs. 17.5 lakhs Rs. 15 lakhs 19. 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 8530.80 6250 8780.80 20. Find the simple interest on N300.00 for 2 years at 5% per annum. N21.00 N10.00 N33.00 N60.00 N30.00 1 out of 20 Time is Up! Time's up