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Simple Intrest (238-252)

This document contains multiple examples and questions about simple interest calculations. It includes information on topics like principal amounts, interest rates, time periods, and calculating simple interest. The document is assessing understanding of simple interest concepts through single answer and multiple choice questions.

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Pramod Sharma
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0% found this document useful (0 votes)
100 views

Simple Intrest (238-252)

This document contains multiple examples and questions about simple interest calculations. It includes information on topics like principal amounts, interest rates, time periods, and calculating simple interest. The document is assessing understanding of simple interest concepts through single answer and multiple choice questions.

Uploaded by

Pramod Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SIMPLE INTREST MATHEMATICS

SIMPLE INTEREST
WORK SHEET - 1
SINGLE ANSWER TYPE
1
1. If a sum of Rs.4800 is deposited in a bank for 4 years paying S.I. of 6 % PA,
4
then simple interest is
1) 1300/- 2) 1800/- 3) 1200/- 4) 1600/-
2. Simple interest on a sum of Rs 73000 at the rate of 24% per annum from 12-02-
1991 to 30 - 09 - 91 is
1) 11040/- 2) 11030/- 3) 11020/- 4) 11060/-
3. A person borrowed an amount of Rs.15000 from a bank at the rate of 20% per
annum. He lends Rs. 10000 to a friend at 25% PA and Rs.5000 to another
friend at 30% PA. If he repays the amount to the bank after 3 years the
amount of profit he gets is
1) 3200/- 2) 3500/- 3) 3000/- 4) 3600/-
4. A person deposited 20000/- in a finance company in term deposit. Which
gives an interest of 10% PA, interest is calculated every 6 months and added
to the principal. If interest on next 6 months is calculated on the total
amount. The amount received by him after one year is
1) 22050/- 2) 22060/- 3) 22075/- 4) 22040/-
5. Simple interest is calculated at the rate 4 paise per rupee per month. If a
sum of 8000/- is deposited for 3 years, then the simple interest is
1) 950/- 2) 940/- 3) 960/- 4) 980/-
6. Ramesh borrowed a certain sum at 10% PA in 2 years. If he repaid 6000/- at
the end of 2 years then the sum is
1) 5500/- 2) 5200/- 3) 5600/- 4) 5000/-
7. In what time will 8000/- amount to 11840/- at 8% of PA is
1) 6 years 2) 8 years 3) 4 years 4) 9 years
8. If S.I. on 3650/- in 3 years is 1314/- then the rate of interest is
1) 10% 2) 14% 3) 12% 4) 16%
9. If a certain sum becomes 4 times it self in 16 years, then the rate of interest
is
1 1 3 2
1) 18 % PA 2) 18 % PA 3) 18 % PA 4) 18 % PA
4 2 4 3
10. If A certain sum becomes 5 times itself at 25% of PA, then the time is
1) 10 years 2) 18 years 3) 16 years 4) 12 years

WORK SHEET - 2
SINGLE ANSWER TYPE
1. Interest that is calculated uniformly on the original principal through out
the loan period is :

VIII Class - Maths 238


MATHEMATICS SIMPLE INTREST

1) Simple Interest 2) Compound Interest


3) Amount 4) Principal
2. The time given by the lender to the borrower to repay the total amount is
1) Time period 2) Rate 3) Principal 4) Amount
3. The amount of money one borrows for his needs is
1) Principal 2) Sum 3) Amount 4) both 1 & 2
4. The extra money repaid to the lender an addition of the principal is
1) Principal amount 2) Amount
3) Interest 4) Principal
5. Total money paid by the borrower to the lender is
1) Rate 2) Interest 3)0 Amount 4) Principal
6. Interest on Rs. 100 for 1 yea is
1) Rate of interest per annum 2) Time period
3) Time of interest 4) Principal
7. The simple interest on Rs. 1820 from March 9, 2003 to May 21, 2003 at
1
7 % rate will be :
2
1) Rs.22.50 2) Rs. 27.30 3)Rs.28.80 4) Rs. 29
8. The simple interest at x% for x years will be Rs. x on a sum of :
 100   100 
1) Rs. x 2) Rs.   3) Rs. 100x 4) Rs.  2 
 x   x 
9. Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the
rate of interest is increased by 4% what amount will Rs.800 become in 3
years ?
1) Rs. 1020.80 2) Rs. 1025 3) Rs. 1052 4)Data Inadequate
10. What will be the ratio of simple interest earned by certain amount at the
same rate of interest for 6 years and that for 9 years?
1)1 : 3 2) 1 : 4 3) 2 : 3 4) Data inadequate
11. A man borrow Rs. 4000 and pays back after 5 years at 15% simple interest.
The amount paid by the man is:
1) Rs.1800 2) Rs.4800 3) Rs.7500 4) Rs.7000
12. What is the rate of simple interest at which Rs.14,000 gives interest of Rs.
1960 in two years ?
1) 4% 2) 5% 3) 7% 4) 10%
13. If the rate of simple interest is 12% per annum, the amount that would fetch
interest of Rs.6000 per annum is:
1) Rs.7200 2) Rs.48000 3) Rs.50000 4) Rs.72000
14. A sum was put at simple interest at a certain rate for 2 years. Had it been
put at 4% higher rate, it would have fetched Rs.112 more. The sum is:
1) 1120 2) 1400 3) 1200 4) 8000
15. A sum of money doubles itself in 12 years. In how many years would it
tripled itself ?
1) 36years 2) 18years 3) 24years 4) 15years
16. What will be the compound interest on a sum of 25,000 after 3 years at the
rate of 12per compound per annum?
1) Rs.9000.30 2) Rs.9720 3) Rs.10483.20 4) Rs.10123.20

239 VIII Class - Maths


SIMPLE INTREST MATHEMATICS

1
17. What is the difference between the compound interests on Rs.5000 for 1
2
years at 4% per annum compounded yearly and half-yearly?
1) Rs.2.04 2) Rs.3.06 3) Rs.4.80 4) Rs.8.30
18. Find the compound interest on Rs.15,625 for 9 months at 16% per annum
compounded quarterly.
1) Rs.1851 2) Rs. 1941 3) Rs. 1951 4) Rs. 1961
19. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347 The
period (in years) is:
1
1) 2 2) 2 3) 3 4) 4
2
20. The CI on Rs. 5000 for 3 years at 8% for first year, 10% for second year and
12% for third year will be:
1) Rs.1750 2) Rs.1652.80 3) Rs.1575 4) Rs.1685.20
21. The difference between CI and SI on a sum of money lent for 2 years at 10%
is Rs.40. The sum is:
1) 1600 2) 2000 3) 4000 4) 3500
22. The difference between simple and compound interest on Rs. 6000 for 1
year at 20% per annum reckoned half yearly is:
1) 120 2) 60 3) 180 4) 72
MULTI ANSWER TYPE
23. C.I and S.I for a certain sum at certain rate of interest are 220 Rs and
200 Rs. at the end of the second year which of the following is true
1) Rs. P = 500 2) Rs. P = 1000 3) R = 20% p.a 4) R=10% p.a.
24. A sum of Rs 1600 gives a simple interest of Rs 252 in 2years and 4
months rate of interest ?
1 27 3 27
1) 6 % pa. 2) % p.q. 3) 6 % p.a. 4) % p.h.
2 16 4 88
25. If the simple interest on a sum of money for 2years at 5% per annum is
Rs. 50. What is the compound interest on the same sum at the same rate
and for the same time.
5125 512.5 6406.25
1) Rs. 57.25 2) Rs. 3) Rs. 4) Rs.
100 10 125
REASONING ANSWER TYPE
1
26. Statement I: The S.I. on Rs. 1820 from march 9,2003 to may 21,2003 at 7 %
2
rate p.a. will be Rs. 27.30.
Statement II: The S.I. on Rs. 10 for 4 months at the rate of 3 paise per one
rupee per month is Rs 1.60.
1) Both Statement-I and Statement-II are true.
2) Both Statement-I and Statement-II are false.
3) Statement I is true, Statement II is false.
4) Statement I is false, Statement II is true.
27. Statement I: Compound interest on Rs 16,000 at 20% per annum for 9
months, compounded Quarterly is Rs. 2524.

VIII Class - Maths 240


MATHEMATICS SIMPLE INTREST

Statement II: A sum of money to Rs 6690 after 3years and to Rs 10, 035
after 6years on C.I. then the sum is Rs. 4460.
1) Both Statement-I and Statement-II are true.
2) Both Statement-I and Statement-II are false.
3) Statement I is true, Statement II is false.
4) Statement I is false, Statement II is true.
28. Statement I: Annual instalment will discharge a debt of Rs 1092 due in 3year
at 12% S.I on buying a radio then the actual cost for which the customer
has bought is Rs. 975.
Statement II: A certain sum of money amounts to Rs. 1008 in 2years and to
1
Rs. 1164 in 3 years then rate of interest is 13% on S.I.
2
1) Both Statement-I and Statement-II are true.
2) Both Statement-I and Statement-II are false.
3) Statement I is true, Statement II is false.
4) Statement I is false, Statement II is true.
29. Statement I: The rate of C.I per annum will a sum of Rs 1200 become
Rs. 1348.32 in 2years is 6%.
Statement II: A sum of money invested at compound interest amounts to
Rs. 800 in 3years and to Rs 840 in 4years. The rate of interest per annum
is 5%.
1) Both Statement-I and Statement-II are true.
2) Both Statement-I and Statement-II are false.
3) Statement I is true, Statement II is false.
4) Statement I is false, Statement II is true.
COMPREHENSION TYPE
Writeup:1
1
If Rs 6,400 is invested at a compound interest rate of 6 % per annum then
4
find
30. The amount after one year is
1) Rs. 6,600 2) Rs. 6,800 3) Rs. 7,600 4) Rs. 7,800
31. The amount after two years is
1) Rs. 7,225 2) Rs. 7,325 3) Rs. 7,250 4) Rs. 7,350
32. The interest earned in 2nd year is
1) Rs. 820 2) Rs. 825 3) Rs. 425 4) Rs. 400
Writeup:2
A man invests Rs 5,000 for three years at a certain rate of interest,
compound annual. At the end of first year it amounts to Rs 5,600 calculate.
33. The rate of the interest per annum ?
1) 11% 2) 12% 3) 13% 4) 14%
34. The interest occurred in the 2nd year ?
1) Rs. 672 2) Rs 682 3) Rs. 772 4) Rs. 782
35. The amount at the end of the 3rd year ?

241 VIII Class - Maths


SIMPLE INTREST MATHEMATICS

1) Rs. 7,024 2) Rs. 7,024.60 3) Rs. 7,024.64 4) Rs. 7,024.84


Writeup:3
1
A sum of Rs 30,000 is given for interest for 3 years at 7 % p.a. at the
2
compound interest.
36. What is the sum at the end of the 2nd year ?
1) Rs. 34, 658 2) Rs. 34, 668 3) Rs. 34, 658.75 4) Rs. 34, 668.75
37. What is the sum at the end of the 3years ?
1) Rs. 37, 268.90 2) Rs. 37, 268 3) Rs. 37, 368.92 4) Rs. 37,268.80
38. What is the total interest earned in 3years?
1) Rs. 7, 268.90 2) Rs. 7, 368.90 3) Rs. 7, 368 4) Rs. 7, 268.80
MATRIX MATCH TYPE:
39. A man invests Rs 46,875 at 4% per annum compound interest for 3years.
Column-I Column-II
1) The interest for the 1st year is 1) Rs. 2,028
2) The amount standing to his credit at the end of the 2) Rs. 52,728
2nd year is
3) The interest for the 3rd year is 3) Rs. 1,875
4) The amount that the man will receive after 3 years is 4) Rs. 50,700
40. A man takes a loan of Rs 10,000 at a compound interest rate of 10%
per annum
Column-I Column-II
1) The amount after one year 1) Rs. 12,100
2) The compound interest for 2 years 2) Rs. 11,000
3) Sum of money required to clear the debt at the 3) Rs. 2,100
end of the 2 years
4) The difference between the C.I and S.I at 4) Rs. 310
the same rate for 3 years
1
41. A sum of Rs 60,000 is invested in a bank for years at the rate of
2
8% per annum. If the interest is compounded in the account half yearly.
Find the following
Column-I Column-II
1) The balance at first half year 1) Rs. 67, 491.84
2) The balance after one year 2) Rs. 7, 491.84
1
3) Amount will be received earned in 1 years 3) Rs. 62, 400
2
1
4) The total interest earned in 1 years 4) Rs. 64, 896
2

42. The S.I. on 60,000 Rs. at 2 Rs. per Rs. 100 per month for 14 months is
_______

VIII Class - Maths 242


MATHEMATICS SIMPLE INTREST

KEY & HINTS

WORK SHEET – 1 (KEY)


1) 3 2) 1 3) 3 4) 1 5) 3

6) 4 7) 1 8) 3 9) 3 10) 3

PTR 1 4 25 4
1. S.I  = 4800  6  = 4800   = 1200/-
100 4 100 4 100
2. Time = T = 16 days in Feb + 31 days in March + 30 days in April + 31 days in
May + 30 in June + 31 in July + 31 in August + 30 in September = 230 days
230
R = 24%, P = 73000/-, T = years
365
PTR 73000  24 230
S.I. =   = 240 × 46 = 11040/-
100 100 365
15000  3  20
3. Interest to be paid to the bank after 3 years = = 9000/-
100
Amount to be paid to the bank after 3 years = 15000 + 9000 = 24000/-
10000  3  25
Amount received from first friend =  10000 = 17500/-
100
5000  3  30
Amount received from 2nd friend =  5000 = 9500/-
100
Amount received from both the friends = 17500 + 9500 = 27000
Amount to be paid to the bank = 24000
 gain = 27000 – 24000 = 3000/-
20000 6
4. Interest for 6 months =  10  = 1000/-
100 12
Amount at the end of 6 months = 20000 + 1000 = 21000/-
21000 6
Interest for next 6 months =  10  = 1050/-
100 12
Amount at the end of one year = 1050 + 21000 = 22050/-
8000  4  3
5. S.I. =  960/
100
6. Let principal be P.
PTR
P  6000
100

243 VIII Class - Maths


SIMPLE INTREST MATHEMATICS

P  10  2
 P  6000
100
P
 P  6000
5
6P
  6000
5
5
 P  6000  = 5000/-
6
7. Amount = 11840/- and Principal = 8000/-
Simple Interest = 11840 – 8000 = 3840/-
Rate = 8%, T = ?
100  S.I 3840  100
 T = = 6 years.
PR 8000  8
100  S.I 1314  100
8. R = = 12%
PT 3650  3
9. Let principal be 100/- and Amount will be 400/-
Simple Interest = 400 – 100 = 300/-
T = 16 years, Rate = ?
100  S.I 100  300 75 3
 R =   18 %
PT 100  16 4 4
10. Let principal be 100/- and Amount will be 500/-
S.I. = 500 – 100 = 400/-
Rate = 25%, Time = ?
100  S.I 100  400
 T= = = 16 years.
PR 100  25

VIII Class - Maths 244


MATHEMATICS SIMPLE INTREST

WORK SHEET – 2 (KEY)


1) 1 2) 1 3) 4 4) 3 5) 3

6) 1 7) 2 8) 2 9) 2 10) 3

11) 3 12) 4 13) 3 14) 3 15) 2

16) 3 17) 1 18) 3 19) 1 20) 2

21) 3 22) 2 23) 1,3 24) 2,3,4 25) 2,3,4

26) 3 27) 4 28) 1 29) 1 30) 2

31) 1 32) 3 33) 2 34) 1 35) 2

36) 2 37) 1 38) 1 39) 3,4,1,2 40) 2,3,1,4

41) 3,4,1,2 42) 16800

1. According to definition of Simple Interest.


2. According to definition
3. According to definition
4. According to definition
5. According to definition
6. According to definition
1
7. Time = (22 + 30 + 21) days = 73 days = year.
5
 15 1 1 
 S.I = Rs. 1820  2  5  100  Rs. 27.30
 
8. Let rate = R% and time = R years. Then
 1200  R  R 
  432  12R  432  R  36  R  6
2 2

 100 

 100  S.I   100  x   100 


9. Sum =   = Rs.   = Rs.  
 R  T   x  x   x 
10. S.I = Rs. (956 - 800) = Rs. 156.
 100  156  1
Rate =  %  6 % .
 800  3  2

245 VIII Class - Maths


SIMPLE INTREST MATHEMATICS

 1  1
New rate =  6  4  %  10 %
 2  2

 1 3 
New S.I = Rs.  800    = Rs. 252.
 2 100 
 New amount = Rs. (800 + 252) = Rs. 1052
11. Let the principal be P and rate of interest be R%
 P  R  6  
  100  
  6PR 6
 Required ratio =   P  R  9   =  =2:3

  100    9PR 9

12. 4000 + 94000 x 5 x 0.15) = Rs. 7000


14000  r  2
13. 1960   r  7%
100
P  12  1
14. 6000   r  50000
100
15. In my opinion this question should be solved by unitary method instead of
making complex solution

Years Rate of Interest Interest


2 4% 112
2 1% 28
1 1% 14
it means the principal sum is Rs. 1400
P
Alternatively :  2  r  4   r   112  p  1400
100
P  r  12 100
16. P r
100 12
P  100  t
Now, 2P   24 years .
12  100
17. C.I when interest is compounded yearly
  1 
   4 
 4  2  26 51 
500  1    1  
= Rs.   100   100   = Rs.  5000  25  50  = Rs. 5304.
   
   
C.I when interest is compounded half-yearly
  2  
3
 51 51 51 
= Rs.  500  1  100   = Rs.  5000     = Rs.5306.04.
     50 50 50 
 Difference = Rs. (5306.04 – 5304) = Rs. 2.04.

VIII Class - Maths 246


MATHEMATICS SIMPLE INTREST

18. P = Rs. 15625, n = 9 months = 3 quarters, R = 16% p.a = 4% per quarter.


  4  
3
 26 26 26 
Amount = Rs. 15625  1  100   = Rs. 15625     = Rs. 17576.
     25 25 25 
 C.I = Rs. (17576 – 15625) = Rs. 1951
19. Amount = Rs. (30000 + 4347) = Rs. 34347.
Let the time be n years. Then,
n n 2
 7   107  34347 11449  107 
3000 1    34347       
 100   100  30000 10000  100 
 n = 2 years.
 R  R  R 
20. A = P 1  1  1  2  1  3  .......
 100  100  100 
A = 5000(1.08)(1.1)(1.12)
A = 6652.8
CI = (6652.8 – 5000) = 1652.8
2
 r 
21. Difference between CI and SI for 2 years = P  
 100 
2
 10 
 40 = P    P = 4000
 100 
2
 10 
22. 6000    60
 100 
23. Key : 1, 3
Sol: 220 – 200 = 20
Rs 20 is the interest on the interest of the first years
 200 
Which is Rs 100 =   ; thus the rate of interest = 20%
 2 
 100  r  1 
So the actual pricipal P = 500  20  
 100 
 P  20  1 
 100   P  500 
 100 
24. Key : 2, 3, 4
1 7 14 28
Sol: Time = 2years 4months = 2 years = years = half year=
3 3 3 3
quarters
 100  252  3  3 27 27
Rate =  %  6 % ; Similary R  %, % respectively
 1600  7  4 8 16
25. Key : 2, 3, 4
 50  100 
Sol: sum  Rs    Rs.500
 25 

247 VIII Class - Maths


SIMPLE INTREST MATHEMATICS

  5  
2
 21 21 
Amount  Rs  500  1     Rs  500    = 551.25
  100    20 20 
 C.I = Rs (551.25 - 500) = Rs 51.25
26. Key : 3
1
Sol: Time = (22 + 30 + 21) days = 73 days = year
5
 15 1 1 
S.I = Rs 1820x x x   Rs 27.30
 2 5 100 
 3 
S.I= Rs 10x x4   Rs1.20
 100 
27. Key : 4
Sol: Statement-I: principal Rs = 16000, Time = 9months = 3quaters
Rate = 20% per annum = 5% per quarter
 21 21 21 
 Amount = Rs 16000  1  5/100    Rs 16000  20  20  20  = Rs.
 3

 
18522
C.I = Rs (18522 - 16000) = Rs 2522
Statement-II: Let the sum be Rs P then
3
 R 
  6690  i  andP 1  R /100   10035  ii 
6
P 1 
 100 
10035
on dividing we get 1  R /100  
3
 3/2
6690
Sustituting this value in (i) we get
P  3/2  6690 or  P   6690  2/3   4460

28. Key : 1
Statement-I: Let 3x be the cost for which he has bought.
 x  12  1   x  12  2 
x    x    x  1092
 100   100 
28x 31x
   x  1092   28x  31x  25 x  = (1092 x 25)
25 25
 1092  25 
 x   Rs. 325
 84 
1
Statement-II: S.I for 1 years = Rs (1164 - 1008) = Rs 156
2
S.I for 2years = Rs (156 x 2/3 x 2) = Rs 208
Principal = Rs (1008 - 208) = Rs 800
Now P = 800 T = 2 and S.I = 208
 100  208 
Rate =   %  13%
 800  2 

VIII Class - Maths 248


MATHEMATICS SIMPLE INTREST

29. Key : 1
Sol: Statement-I: Let the rate be R% P.a then
2 2
 R   R  134832 11236
1200  1    1348.32  1    
 100   100  120000 10000
2 2
 R   106  R 106
1     or 1   or  R  6%
 100   100  100 100
Statement-II: S.I on Rs 800 for 1year = Rs (840 – 800) = Rs. 40
 100  40 
Rate =   %  5%
 800  1 
30. Key : 2
1
Sol: Here P = Rs. 640; r=6 %, n = 2
4

n
 25 
 r    17
Now A  P 1    A  6400  1  4   6400  = Rs. 6,800
 100   100  16
 
31. Key : 1
2
 25 
1 7 
2
 
Sol: A  6 4 0 0   1  4   6400 
1 6 
2
 100 
 

289
A  6400   25  289  7225Rs
256
32. Key : 3
Sol: The interest eaned = A - P = Rs 7225 - Rs 6400 = Rs. 825
33. Key : 2
Here P = Rs 5000 A = Rs 5600, T = 1year, R = ?
PRT 5000  R  1
I   I  Rs  A  P  Rs 50R
100 100
600
(or) Rs 5600 - Rs 5000 = Rs 50R R   12
50
The rate of interest per annum is 12%
34. Key : 1
For the 2nd year P = Rs 5600, T = 1year R = 12
PRT 5600  12  1
I  T   Rs 56  12  672Rs
100 100
35. Key : 3
Sol: For the 3rd year P = amount at the end of the 2nd year
= Rs 5600  Rs 672  6272Rs
Now T = 1 R = 12 so the amount at the end of the 3rd year

249 VIII Class - Maths


SIMPLE INTREST MATHEMATICS

PRT 6272  12  1
= P  I  6272   6272 
100 100
= Rs 7,024.64
36. Key : 2
1
Sol: P = Rs 30,000 R = 7 %; T=1
2
15
30000  1
Interest I  PRT 2
  2250Rs
100 100
amount of the end of the first year = P + I
30,000 + 2250 = 32,250 Rs
32,250  15/2 3225  15
2nd year   2418.75
100 20
amout of end od the 2nd year = P + I
= 32,250 + 2418.75 = 34,668.75 Rs.
37. Key : 1
1
Sol: 3rd year P = 34668.75 ; R=7 %; T=1
2
15
34668.75 
I 
PRT
 2  6933.75  3 = Rs. 2600.15
100 100 8
The required amount is = P + I = Rs. 34,668.75 + 2600.15 = Rs.
37268.90
38. Key : 1
Sol: Compound interest = A - P = Rs. 37268.90 – 30000 = Rs. 7,268.90

39. Key: a  3; b  4; c  1; d  2
4
a) The interest for the 1st year = 4% of Rs 46875   46875
100
187500
 Rs  Rs 1,875
100
2) The new pricipal for the second year = Rs 46875 + Rs 1875
Rs 48750
The interest for the second year = 4% of Rs 48750
4 195000
of Rs 48750  Rs  Rs1950
100 100
 The amount standing to his credit at the end of the
2nd year = Rs 48750 + Rs 1950 = Rs 50,700
3) The new prcipal for the 3rd year = Rs 50700
 The interest for the 3rd year = 4% of Rs 50700
4 202800
  RS 50700  Rs  Rs 2,028
100 100
4) The amount that the man will receive after 3years

VIII Class - Maths 250


MATHEMATICS SIMPLE INTREST

= Rs 50700 + Rs 2028 = Rs 52,728


40. Key: a  2; b  3; c  1; d  4
a) The intest for the first year = I = 10% of Rs 10,000
10
Rs  10000  Rs1000
100
The amount after one year = P + I = Rs 10000 + Rs 1000 = Rs. 11,000
b) For the 2nd year the new principal is Rs 11000
10
Interest for the 2nd year = I = 10% of Rs 11000 = Rs  11000 = Rs.
100
1100
the compound interest for 2year = the interest for the 1st year + the
interest for the 2nd year = Rs 1000 + Rs 1100 = Ra 2,100
c) The required sum of money = principal + compound interest for
2years
= Rs 10000 + Rs 2100 = Rs 12,100
3
 10 
4) The C.I = Rs. 10,000 1    10000  3310
 100 
 The difference = 3310  3000  310Rs.
41. Key: a  3; b  4; c  1; d  2
a) Here the interest is compounded half yearly so, for the first half year
P = Rs60000, R = 8, T = 1/2
1
60000  8 
PRT 2  Rs 240000  2400Rs
I   I  Rs
100 100 100
nd
b) For the 2 half year, P = amount after the first half year
= Rs 60000 + Rs 2400 = Rs 62400
PRT 62400  8  1/2
R=8 T = 1/2 I I  Rs. 2496
100 100
The amount after two half years ie one year
= P + I = 62400 + 2496 = Rs. 64,896
c) For the 3rd half year P = amount after 1 year = 64896 R = 8, T = 1/2
PRT 64896  8  1/2
I I  Rs. 2595.84
100 100
1
The principal after the 3rd half yearly i.e. 1 years
2
amount = 64896 + 2595.84 = 67491.84
1
amount received after 1 years = Rs 67,491.84
2
1
4) Total interst earned in 1 years
2
Find amount – initial principal = 67491.84 – 60,000 = Rs. 7,491.84

42. Ans : 16800

251 VIII Class - Maths

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