Scribd
Upload
9 views

Class-7-Maths-WS-7

This document is a worksheet for Class 7 students at Girls' High School & College, Prayagraj, focusing on the concept of Simple Interest in mathematics. It provides definitions, formulas, and examples related to Simple Interest, Principal, Time Period, Rate of Interest, and Amount, along with practice problems for students to solve. The document aims to help students understand how to calculate Simple Interest and apply the concepts in various scenarios.

Uploaded by

subhendusamanta077
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
9 views

Class-7-Maths-WS-7

This document is a worksheet for Class 7 students at Girls' High School & College, Prayagraj, focusing on the concept of Simple Interest in mathematics. It provides definitions, formulas, and examples related to Simple Interest, Principal, Time Period, Rate of Interest, and Amount, along with practice problems for students to solve. The document aims to help students understand how to calculate Simple Interest and apply the concepts in various scenarios.

Uploaded by

subhendusamanta077
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
You are on page 1/ 7

GIRLS’ HIGH SCHOOL & COLLEGE, PRAYAGRAJ

WORKSHEET-7
SESSION:2020-2021
CLASS:7 (A,B,C,D,E&F)
SUBJECT-MATHS

Note- Parents please ensure that the student takes the reference of the chapter from the links
mentioned below:
LINK-https://youtu.be/egQfJYDc0sc
CHAPTER-Simple Interest

INTRODUCTION TO SIMPLE INTEREST

Sometimes, we need a large amount of money for bigger purposes such as


buying a house, buying a car, paying fee for higher education etc. If we do
not readily have that much of money then we have to borrow it from money
lenders, banks or co-operative credit societies for a particular period of time
along with a condition of paying some extra money at a particular rate. This
borrowed money is called loan.
For example, Jatin borrowed Rs.10000 from Shashank. He promised to
give him back Rs.11000 after one year.
Here, Rs.10000 is loan taken by Jatin from Shashank.
Now, the question is that why did Jatin promise to pay more money
than he borrowed?

Have you heard about interest? Let us suppose that someone borrows
some money for a specific time period. Then, the borrower has to pay
some extra money along with the original amount after the passage of that
fixed time period. This extra money that is paid by the borrower is
called interest.

In the given example, extra money paid = Rs.(11000 − 10000) = Rs.1000


Thus, here, he paid Rs.1000 as the interest for one year.
The original amount of money borrowed is called principal. In this case,
Rs. 10000 is the principal.

The total amount that has to be paid back after the specific time period is
called amount. In the above example, Rs.11000 is the amount.

Page 1 of 7
Thus, we can conclude that

Amount = Principal + Interest

Interest = Amount − Principal

Principal = Amount − Interest

TERMS USED IN SIMPLE INTEREST

1. SIMPLE INTEREST: It is the extra money, which the lender gets from the
borrower, in consideration of the sum (money borrowed) used by the
borrower. The simple interest (S.I) and the interest (I) mean the same.
2. PRINCIPAL (P): It is the sum (money) which the lender gives to a borrower.
3. TIME PERIOD (T): It is the time for which the sum (principal) is borrowed or
lent.
4. RATE OR RATE OF INTEREST (R): It is the interest for a fixed period on every
Rs. 100.For example, Rate of interest is 18% per year means,on Rs.100 the
interest in one year is Rs.18.
5. AMOUNT: It is the sum of the Principal and the Interest on it.
Amount = Principal + Interest.

FORMULAE USED IN SIMPLE INTEREST

Page 2 of 7
SOLVED EXAMPLE 1 :

Find the simple interest and amount on Rs.8700 at the end of one year
at the rate of 20% per year

Solution:
Principal (P) = Rs. 8700
Rate of interest (R) = 20%
Time period (T) = 1 year

Therefore, interest (I) payable at the end of the year = Rs.1740


Now, amount (A) payable at the end of the year = P + I
= Rs.8700 + Rs.1740
= Rs. 10440

SOLVED EXAMPLE 2

Find the S.I and the amount on Rs.850 from 10th March to 3rd August
1
at 22 % 𝑝. 𝑎.
Solution:

Page 3 of 7
Solve the following:

1. Find the S.I. and the amount on :


a. Rs.150 for 4 years at 5% per year.
b. Rs.600 from July 12 to Dec 5 at 10% p.a.
1
c. Rs.350 for 32 years at 8% p.a.
d. Rs.225 for 3 years 9 months at 16% p.a.
1
e. Rs. 3,380 for 30 months at 42 % 𝑝. 𝑎.

2. Find the amount of a loan of Rs.3000 at 4% per year and for 5


years.

SOLVED EXAMPLE 3:

Solve the following:

3. On what sum of money (principal)does the S.I. for 10 years at


5% become Rs.1,600?
4. Find the rate percent, if the S.I on Rs.275 in 2 years is Rs.22.
5. What is the rate of interest, if Rs.3750 amounts to Rs.4650 in 4
years?

Page 4 of 7
6. What sum will earn an interest of Rs.480 in 3 years, at 16% per
year?
7. In what time will Rs.2100 fetch an interest of Rs. 525 at 5% p.a.?
8. How long will it take Rs.1500 to become Rs. 2040 at 8% per
annumsimple interest?
9. A sum of Rs. 1780 becomes Rs. 2136 in 4 years, find the rate of
interest.

SOLVED EXAMPLE 4:

Find the sum which will amount to Rs. 700 in 5 years at 8% p.a.

Solution:

Amount = Rs.700, Rate(R)=8%p.a.,Time(T)=5 years

Let the principal (P) =Rs.100

𝑃×𝑅×𝑇 100×8×5
Then, S.I = = = 𝑅𝑠. 40,
100 100

Amount (A) = P +S.I = Rs(100+40)= Rs.140

If amount is Rs 140,then principal = Rs.100

100×700
And, if amount is Rs.700,then principal= = 𝑅𝑠. 500
140

Solve the following:


10. What sum of money will amount to Rs. 992 at 4%p.a. in 6
years?
11. What sum will amount to Rs.1292 in 3 years at 12% per
annum simple interest?

Page 5 of 7
SOLVED EXAMPLE 5:
In what time will a sum of money double itself at 8%p.a.?
Solution:
Let the principal (P) = Rs.100
Amount (A) =Rs.100 x 2= Rs.200
S.I.=A – P
=Rs.(200-100)=Rs.100
Rate(R) =8%

𝑆.𝐼×100
Time =
𝑃×𝑅

100×100 25 1
= = = 12 years
100×8 2 2

SOLVED EXAMPLE:6

Page 6 of 7
Solve the following:

12. In 4 years, Rs.6000 amounts to Rs.8000.In what time will


Rs.525 amount to Rs.700 at the same rate?
13. A sum of money is lent for 5 years at R% simple interest
per annum.If the interest earned be one- fourth of the money
lent, find the value of R.
14. The simple interest earned on a certain sum in 5 years is
30% of the sum. Find the rate of interest.
15. What sum of money will amount to Rs.992 at 4% in 6
years?
16. A sum amounts to Rs.2652 in 6 years at 5% p.a. simple
interest. Find :
(a) the sum,
(b) the time in which the same sum will double itself
at the same rate of interest.
17. Surya deposited Rs. 25000 in the bank at the rate of 8% per
annum. After how much time the money will get doubled?

END

Page 7 of 7

You might also like