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Basic Simple Interest Questions ?

The document contains a series of simple interest questions, including calculations for interest earned, principal amounts, rates, and time periods across various scenarios. It is divided into three sections: Basic Simple Interest Questions, Finding Principal, Rate, or Time, and Real-Life Applications of Simple Interest. Additionally, there are challenging and conceptual questions to test understanding of simple interest principles.

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Keshav Singh Punia
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5 views

Basic Simple Interest Questions ?

The document contains a series of simple interest questions, including calculations for interest earned, principal amounts, rates, and time periods across various scenarios. It is divided into three sections: Basic Simple Interest Questions, Finding Principal, Rate, or Time, and Real-Life Applications of Simple Interest. Additionally, there are challenging and conceptual questions to test understanding of simple interest principles.

Uploaded by

Keshav Singh Punia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Basic Simple Interest Questions 💰

1. Find the simple interest on $1,000 at 5% per year for 2 years.

2. A person deposits $5,000 in a bank at 6% per year for 3 years. What is the interest earned?

3. Calculate the simple interest on $7,500 for 4 years at 8% per year.

4. A loan of $12,000 is taken at 9% per year for 5 years. What is the total interest to be paid?

5. Find the interest on $3,000 at 10% per year for 3 years.

6. What will be the interest on $15,000 at 7% per year for 6 years?

7. A person invests $8,000 at 4% per year for 3 years. How much interest will they earn?

8. Find the interest on $2,500 at 5% per year for 4 years.

9. How much interest will be earned on $10,000 at 6% per year for 3 years?

10. A farmer borrows $18,000 at 7.5% per year for 2 years. Find the total interest to be paid.

Finding Principal, Rate, or Time 📊

11. A sum earns $2,400 as simple interest in 4 years at 6% per year. Find the principal amount.

12. A loan of $20,000 earns $4,000 as interest in 5 years. Find the rate of interest.

13. $4,800 is earned as interest in 3 years at 8% per year. Find the principal amount.

14. The simple interest on a certain amount at 10% per year for 2 years is $1,200. Find the
principal.

15. If $500 becomes $650 in 5 years at simple interest, find the rate of interest.

16. A bank offers 5% per year interest. How long will it take for $6,000 to earn $1,500 as
interest?

17. A sum of $9,000 earns $3,600 interest in 8 years. Find the rate of interest.

18. $25,000 earns $10,000 as interest in 4 years. Find the rate of interest per year.

19. Find the time required for $8,000 to earn $3,200 as interest at 10% per year.

20. A sum earns $2,500 as interest in 5 years at 5% per year. Find the principal.

Real-Life Applications of Simple Interest 💵

21. A farmer takes a loan of $30,000 at 6% per year for 3 years. How much interest does he need
to pay?

22. A person deposits $50,000 in a fixed deposit at 8% per year for 4 years. Find the interest
earned.

23. A shopkeeper borrows $15,000 at 9% per year for 2 years. Find the total amount to be paid.
24. A student takes an education loan of $200,000 at 5% per year for 6 years. How much interest
will be paid?

25. A businessman takes a loan of $80,000 at 7.5% per year for 4 years. Find the total interest.

26. A car loan of $150,000 is taken at 10% per year for 3 years. What is the total interest to be
paid?

27. A farmer borrows $20,000 at 6% per year for 2 years. Find the total repayment amount
(Principal + Interest).

28. A deposit of $40,000 is made at 5% per year for 5 years. Find the interest earned.

29. A loan of $60,000 earns $18,000 as interest in 6 years. Find the rate of interest.

30. A person saves $25,000 at 4% per year for 3 years. What will be the total amount after 3
years?

Challenging & Conceptual Questions 🔢

31. A sum of $10,000 earns $2,000 as simple interest in 4 years. What would be the interest for
8 years?

32. If $5,000 earns $1,000 as interest in 2 years, what would be the interest for 6 years at the
same rate?

33. A bank offers 6% per year simple interest. If a person deposits $15,000 for 3 years, how
much total amount will they get?

34. If $12,000 earns $4,800 as interest in 6 years, what will be the rate of interest?

35. A sum earns $500 as interest in 2 years and $1,250 in 5 years at the same rate. Find the
principal amount.

36. If $20,000 becomes $26,000 in 5 years, find the rate of interest.

37. A businessman borrows $90,000 at 7% per year. Find the interest for 3 years.

38. A student deposits $12,500 in a savings account at 5% per year for 4 years. Find the total
amount after 4 years.

39. The simple interest on $9,000 for 6 years is $3,240. Find the rate of interest per year.

40. A bank offers 5% per year interest. If $15,000 earns $3,750 as interest, how long was it
invested?

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