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SIMPLE AND COMPOUND INTEREST

The document contains a series of financial problems related to simple and compound interest calculations. It includes scenarios for calculating interest earned, principal amounts, rates of interest, and future values based on given conditions. The problems cover various investment amounts, interest rates, and time periods, providing a comprehensive overview of interest calculations.

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5 views

SIMPLE AND COMPOUND INTEREST

The document contains a series of financial problems related to simple and compound interest calculations. It includes scenarios for calculating interest earned, principal amounts, rates of interest, and future values based on given conditions. The problems cover various investment amounts, interest rates, and time periods, providing a comprehensive overview of interest calculations.

Uploaded by

surferpilot123.me
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 AND COMPOUND INTEREST

1. Raj invested ₹10,000 in a bank for 3 years at 5% per annum. How much interest did he
earn, and what is the total amount he received after 3 years?

2. A sum becomes ₹6,800 in 2 years at 8% per annum simple interest. Find the principal
amount.

3. The simple interest on a sum of money for 5 years at 6% per annum is ₹3,000. Find the
principal.

4. If ₹5,000 earns ₹750 as simple interest in 3 years, find the rate of interest per annum.

5. The compound interest on a certain amount in 2 years at 10% per annum is ₹2,100. Find
the principal.

6. A sum of ₹12,000 is invested at 8% per annum compounded annually. Find the


compound interest earned in 2 years.

7. The population of a town is increasing at a rate of 5% per year. If the current population
is 20,000, find the population after 2 years.

8. If ₹15,000 grows to ₹16,575 in 2 years at 5% per annum compounded annually, find the
compound interest.

9. Riya took a loan of ₹8,000 at 7% simple interest for 3 years. How much total amount will
she repay at the end of 3 years?

10. A sum becomes ₹7,744 in 2 years when invested at 12% per annum compound interest.
Find the principal amount.

11. Find the difference between the simple interest and compound interest on ₹5,000 at 10%
per annum for 2 years.
12. Rohan wants to double his money in 10 years using simple interest. What should be the
rate of interest per annum?

13. The compound interest on ₹10,000 for 2 years is ₹1,610. Find the rate of interest per
annum.

14. A sum of money triples in 20 years at simple interest. Find the rate of interest per
annum.

15. The value of a machine depreciates by 10% annually. If the current value is ₹50,000,
what will its value be after 2 years?

16. The simple interest on a sum of money for 3 years at 8% per annum is ₹1,920. Find the
sum of money.

17. A man invests ₹20,000 at 6% per annum compounded annually. Calculate the amount
after 3 years.

18. If ₹7,200 is invested at 5% per annum for 2 years compounded annually, find the
compound interest.

19. A sum of ₹10,000 becomes ₹11,025 in 1 year when compounded annually. Find the rate of
interest per annum.

20. Ramesh borrowed ₹15,000 at 8% simple interest for 4 years. He repaid ₹10,000 after 2
years. How much does he still owe at the end of 4 years?

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