MONEY MATH (2)

The simple interest for a certain amount of money for two years is ₹. 400 . For the same amount at the same rate of interest, if interest is compounded annually, the interest would be ₹. 410. What is the rate of interest? And what is the amount?

• R = 10%, Amount = 4000

• R = 20%, Amount = 5000

• R= 5%, Amount = 4000

• R = 10%, Amount = 5000

Tags

CCSS.7.RP.A.3

The population of a town in 2009 was 12000. It increases at 2% per year. What is the population after 3 years?

• 12734.496

• 12834.496

• 12734.596

• 12834.596

Tags

CCSS.HSF.BF.A.2

The cost price of a car is ₹. 400000. If its price decreases by 10% every year then what will be the cost of car after 2 years?

• 324000

• 22400

• 32400

• 334000

Tags

CCSS.HSF.BF.A.2

Asha deposited 30,000 rupees in a bank which gives 12% interest compounded half-yearly. Shyama deposited the same amount at the same rate of interest, but compounded quarterly. What is the difference in the amounts they would get back after one year.( approximate value)

• 60

• 54

• 120

• 100

A financial company claims that it charges only 10% interest on loans. But if a person takes out a loan of 100 rupees, he would get only 90 rupees, after subtracting the annual interest of 10 rupees at the outset. And he has to pay back 100 rupees after one year. What is their actual rate of interest?

• 10%

• 12%

• 11.11%

• 11%

Tags

CCSS.6.RP.A.3C

Vishak and Deepak deposited the same amount under different schemes giving 15% interest. Vishak gets only simple interest, while Deepak gets interest compounded annually. After 2 years, Deepak had 450 rupees more than Vishak. How much money did each deposit?

• 10000

• 15000

• 20000

• 40000

A) What is the interest for 18000 rupees at 16 2/3% for one year?

B) What would be the interest if the rate of interest is only 8 1/3%?

• A) 1500

  B) 3000

• A) 3000

  B) 1500

• A) 2000

  B) 4000

• A) 4000

  B) 2000

Tags

CCSS.7.RP.A.3

₹. 6000 becomes ₹. 7200 in 3 years at a certain rate of compound interest. What will be the amount after 9 years?

• 10368

• 9600

• 21600

• 19200

A sum of money at simple interest amounts to ₹. 815 in 3 years and to ₹. 854 in 4 years. What is the sum?

• 798

• 898

• 598

• 698

Tags

CCSS.7.RP.A.3

On a certain rate of interest, a sum of ₹.5000 becomes ₹. 16200 in certain years at compound interest. In half of the time given, this sum will become..............

• 8100

• 10100

• 10000

• 9000