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MONEY MATH (1)

Total questions: 10

Worksheet time: 18mins

Name
Class
Date
1.

What is simple interest of Rs. 900 on 5% per annum for 4 years?

a)

120

b)

140

c)

180

d)

160

2.

How many years will it take for amount of Rs. 1000 to yield 200 as interest at 10% per annum of simple interest.?

a)

1 year

b)

2 year

c)

3 year

d)

4 year

3.

A sum of Rs. 20000 amount gave Rs. 8000 as interest in 4 years. What is the rate of interest?

a)

5%

b)

8%

c)

15%

d)

10%

4.

A sum of money becomes Rs.5500 in 2 years and Rs. 6500 in 6 years at simple interest. Find the rate of interest.?

a)

20%

b)

10%

c)

5%

d)

15%

5.

A sum of money becomes four times in 20 years at simple interest. Find the rate of interest.

a)

10%

b)

20%

c)

15%

d)

25%

6.

A sum of Rs. 5500 is lent out in two parts in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 20% for 3 years. Find the two sums.

a)

4000,1500

b)

5000,500

c)

3000,2500

d)

3500,2000

7.

What would be the compound interest obtained on an amount of Rs. 4800 at the rate of 10 % per annum for 2 years?

a)

5808

b)

1008

c)

5800

d)

1000

8.

Vishal invested an amount of Rs. 50000 in fixed deposit at 8% per annum compound interest for 2 years. What amount Vishal will get at the end of 2 years?

a)

58320

b)

8000

c)

8320

d)

58000

9.

Anita borrowed 36,000 rupees for 6 months from a bank, which charge 8% interest compounded half yearly. How much should she pay back the end of 6 months?

a)

38880

b)

37440

c)

38440

d)

37880

10.

Find the compound interest on Rs. 12500 at 8% per annum for 6 months compounded quarterly.

a)

₹.1010

b)

₹. 505

c)

₹. 1428

d)

₹.765