Simple Interest

Q.1: Amita takes a loan of Rs 6,000 at 10% per year as rate of interest. Find the interest she has to pay at the end of the year.

Q.2: Snehal borrows Rs 72,000 from a moneylender at the rate of 7% interest per annum. Find the interest he has to pay at the end of 3 years.

Q.3: Rs 8,000 is borrowed at 3.5% interest rate per annum. Find the amount to be paid at the end of 5 years.

Q.4: Anushka pays Rs 450 as interest at the end of 3 years. If she has borrowed the sum at 5% interest rate then find the sum.

Q.5: In what time will Rs 2,000 amount to Rs 2,500 at 5% per annum simple interest?

Q.6: If you have Rs 3,000 in your account and the interest is 5%. After how many years would you earn Rs 300 as interest.

Q.7: Kumkum borrows Rs 6,050 at 6.5% interest per annum. Find the interest and the amount to be paid at the end of 3 years.

Q.8: If Shashi pays an interest of Rs 750 for 2 years on a sum of Rs 3,000, find the rate of interest.

Answers:

  1. Rs 600
  2. Rs 15,120
  3. Rs 9,400
  4. Rs 3,000
  5. 5 years
  6. 2 years
  7. Interest = 1,179.75, Amount = 7,229.75
  8. 12.5%

Published by Priya Prakash

In the midst of winter, i found there was within me an invincible summer ~ Albert Camus

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