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Exercise - Simple Interest

The document is a mathematics exercise on simple interest calculations. It contains 15 multiple choice questions testing concepts like calculating simple interest given the principal, rate, and time; determining the time, principal, rate, or interest from other values; doubling time of investments; and calculating rates of interest.

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Narayanamurthy Amirapu
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584 views

Exercise - Simple Interest

The document is a mathematics exercise on simple interest calculations. It contains 15 multiple choice questions testing concepts like calculating simple interest given the principal, rate, and time; determining the time, principal, rate, or interest from other values; doubling time of investments; and calculating rates of interest.

Uploaded by

Narayanamurthy Amirapu
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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Exercise

#3536: Simple Interest (Mathematics)

(c) 2014 learnhive.com


Prepared for: amirapumurthy@gmail.com Date: ________________ Grade: 7

1. Rs. 45,000 is deposited into a savings account. After one year, 4 months and 20 days it totals Rs. 52,500. Calculate the

simple interest rate for this account.

12%
14%
1%
2%

2. Andrew calculated that the amount to be paid at the end of the second year is Rs. 7490, if Rs. 7000 was borrowed at 3.5%

for a period of 2 years.

FALSE
TRUE
3. A sum of money put at 11% p.a amount to Rs. 4,491 in 2 years 3 months. What will it amount to in 3 years at the same
rate? Rs. ____________________________ .

4. In what time will a sum of money double itself at 8% p.a?

\(6\frac{1}{2}\)years
\(12\frac{1}{2}\)years
15 years
2\(\frac{1}{2}\)years

5. Mathew calculated that a sum amounts to Rs. 2,652 in 6 years at 5% p.a simple interest. In what time will the same sum
double itself at the same rate of interest?

20 years
15 years
35 years
14 years

6. Find the simple interest if when principal = Rs. 150, rate = 5% p.a, time = 4 years.

Rs. ____________________________
7. Find the rate per cent per annum with the following information. The interest on a sum of money at the end of \(4\frac{1}

{2} \) years is \(\frac{3}{5}\) of the sum.

\(13\frac{1}{3}\)%p.a
\(14\frac{1}{2}\)%p.a
15%
\(2\frac{1}{2}\)% p.a

8. A sum of Rs. 1600 earns a simple interest of Rs. 252 in 2 years 4 months. Andrew calculated the rate of interest as

5$$\frac{1}{4}%.

FALSE
TRUE

9. Find the time when the principal is Rs. 4000, rate is 6% p.a and S.I is Rs. 400.

4 years
1 years 3 months
1 year 8 months
2 years 4 months
10. What is the simple interest if the principal is Rs. 620, rate is 8% per rupee per month and time is 4 months?

Rs____________________________ .

11. Find the sum with the following details.


Time = 3 years, interest = Rs. 450, Rate = 5%

Sum = Rs. ____________________________ .

12. What is the simple interest if principal is Rs. 3380 rate is 4\(\frac{1}{2}\)% p.a and the time is 30 months? Rs.
____________________________ .

13. Amy put Rs. 6000 into a savings account that earns 5% in interest. How much will she have after 6 months?

Rs. 5,850
Rs. 300
Rs. 6,150
Rs. 150
14. Thomas deposited Rs. 1400 in his bank account. After 3 years, the account is worth Rs. 1,694. Find the simple interest
rate the account earned.

8%
7.25%
5%
7%

15. Principal = Rs. 720, Interest = Rs. 17.55, Time = 9 months. Calculate the Interest Rate.

3.25%
2.225%
0.44%
0.3%

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