Simple interest

The money borrowed from a bank is called

• Principal

• Interest

• Loan

• Time

The money deposited in a bank is called

• Principal

• Interest

• Loan

• Time

S.I. = principal × ---- × Time

• Rate of interest

• Loan

• Deposited money

Calculate the simple interest on 500 rupees for two years at 15% interest per year.

• 250rupees

• 350rupees

• 150 rupees

Find the simple interest at the end of one year,400 rupees at 5% interest per annum

• 30rupees

• 20 rupees

• 10rupees

Amount =

• Principal + interest

• Principal - interest

The period of time for which money is kept in a bank is called

• Loan

• Principal

• Interest

• Time

Mr. Singh borrowed 2,56,000 from a bank to buy a car. This amount is called ---

• Interest

• Rate of interest

• Loan

• Time

If amount = 1,645.50, Simple interest= 95 rupees, Principal=?

• 1,550.50 rupees

• 1,740.50 rupees

• 1,740 rupees

Find the amount if principal is 625 rupees and interest is 55 rupees

• 780 rupees

• 680 rupees

• 580 rupees