The document contains a series of mathematical problems related to simple interest (SI) and compound interest (CI), including calculations for interest earned, rates of interest, and time periods for various financial scenarios. It includes examples of loans, deposits, and repayments, requiring the application of interest formulas. The problems are aimed at enhancing understanding of financial concepts and calculations.
The document contains a series of mathematical problems related to simple interest (SI) and compound interest (CI), including calculations for interest earned, rates of interest, and time periods for various financial scenarios. It includes examples of loans, deposits, and repayments, requiring the application of interest formulas. The problems are aimed at enhancing understanding of financial concepts and calculations.
The document contains a series of mathematical problems related to simple interest (SI) and compound interest (CI), including calculations for interest earned, rates of interest, and time periods for various financial scenarios. It includes examples of loans, deposits, and repayments, requiring the application of interest formulas. The problems are aimed at enhancing understanding of financial concepts and calculations.
The document contains a series of mathematical problems related to simple interest (SI) and compound interest (CI), including calculations for interest earned, rates of interest, and time periods for various financial scenarios. It includes examples of loans, deposits, and repayments, requiring the application of interest formulas. The problems are aimed at enhancing understanding of financial concepts and calculations.
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SI and CI Class Sheet
TnD IBM
1. If A deposits Rs. 20,000 in a bank for 3 years at a rate of 10%, what is the simple interest he will get at the end of the period? 2. Sagar borrows Rs. 50,000 from a bank for 5 years. What is the rate of simple interest charged by the bank if after 5 years Sagar had to pay Rs.66,000 to the bank? 3. After how many years would an amount double itself at 15% rate of simple interest? 4. An amount quadruples in 20 years. Find the rate per annum 5. The rate of simple interest of a bank is 10%. Akash was taking a loan of a huge amount for one year so the bank agreed to give him the loan at a rate of 8%. They reasoned that even with 8% they would get twice the interest that they would have gotten had they given out a loan of Rs. 40,00,000 at 10% for a year. What is the amount of Akash’s loan? 6. Ajay takes a loan of Rs. 30,000 from a bank for 8 years at a 6.5% rate of simple interest. He then loans out Rs. 20,000 for 8 years at a 7.5% rate of simple interest. He could loan out the balance only at 5.5% for 8 years. In the entire transaction, did Ajay make or lose money, and how much? 7. The underworld’s don Chhota Chatri loans money to people at simple interest. He charges a certain rate of interest for the first year. Next year he doubles the initial rate of interest on the amount. In the third year, he triples the initial rate of interest, and so on… A man took an amount of Rs. 9000 and after 3 years paid back an amount of Rs. 15000 back. What was the rate of interest in the first year? 8. I needed Rs. 1,20,000 to buy a Plasma TV and hence I borrowed Rs. 75,000 from Vani and the rest from Vivek. Vani and Vivek charge me a rate of interest such that the interest amount payable to both of them is the same. If in all I re-pay them a total of Rs. 1,50,000 at the end of 2 years, what is the rate of interest charged per annum by the two? 9. Vijay took part in the Rs. 10,000 loan at 4% and the rest at 6%. If he pays a total interest of Rs. 900in two years, find the amount taken on the loan at 4%. The interest rate charged by the bank is Simple Interest. 10. A cooperative bank lent Rs.4000 to Anand at a certain rate of simple interest and Rs.5000 to Milind at ½% more than that of Anand. After 2 years the bank received Rs. 860 as total interest from Anand and Milind. Find the rate of interest per annum at which the amount was lent to Milind. SI and CI Class Sheet TnD IBM
1. Find CI and Amount of :-
a. P = Rs 8000, R= 20 % paca, T= 3 years b. P = Rs 1024, R= 12.5 % paca, T= 3 years c. P = Rs 640, R= 2.5 % paca, T= 2.5 years d. P = Rs 2160, R= 16.67 % pa compounded half yearly, T= 1 year e. P = Rs 8000, R= 20 % pa compounded quarterly, T= 9 months 2. A certain sum of money under compound interest becomes 3 times of itself in 12 years. Find in what time it will be 243 times of itself ? 3. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? 4. A sum of money invested at CI amounts to Rs. 2400 in 3 years and 2520 in 4 years. Find the rate of interest per annum? 5. A certain sum amounts to Rs. 8000 in 2 years and 27000 in 5 years. Find the principal? 6. In how many years, a certain sum of money of Rs. 1,53,600 amounts to Rs. 2,18,700, if the rate of interest is 12.5% p.a.c.a. ? 7. Difference between CI and SI = Rs. 20 Rate = 4% p.a.c.a. Time = 2 Years Principal = ? 8. Difference between CI and SI = 4300 Rs. Rate = 7.14% p.a.c.a. Time = 3 Years Principal = ? 9. Compound interest for 3rd year = 1980Rs. Rate = 11.11% p.a.c.a. Time = 3 Years Principal = ? 10. A sum of money gives SI of Rs 600 and CI of Rs 660 after two years. What is the principal? 11. If a sum of Rs 5000 is given at 10% per annum. Find the CI for 3rd year?
