Free Printable SIMPLE AND COMPOUND INTREST CLASS-8

1.

Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

a)

Rs 312

b)

Rs 412

c)

Rs 512

d)

Rs 612

2.

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly

a)

Rs 2520

b)

Rs 2521

c)

Rs 2522

d)

Rs 2523

3.

A man took a loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 as interest. Find the principal amount borrowed by him.

a)

Rs 12000

b)

Rs 20000

c)

Rs 15000

d)

Rs 10500

4.

Vani deposited Rs. 10000 in a savings bank account. The bank paid simple interest at the rate of 11% p.a. How much interest did her money earn in 9 months?

a)

Rs 750

b)

Rs 675

c)

Rs 825

5.

At what rate of simple interest will Rs. 7800 earn Rs. 260 in 8 months

a)

2%

b)

5%

c)

4%

d)

3%

6.

Mohan borrowed Rs. 30000 for 3 years. He paid simple interest at the rate of 12 % p.a. How much interest did he pay?

a)

A) Rs. 10800

b)

B) Rs. 16200

c)

C) Rs. 12400

d)

D) Rs. 13326

7.

Murali borrowed Rs. 6750 for a period of 219 days. He was charge simple interest at the rate of 4.5% p.a. How much interest did he pay?

a)

Rs. 195.75

b)

Rs. 140.50

c)

Rs. 182.25

d)

Rs.200.25

8.

What is the principal, if the simple interest at the rate of 12.5% for 2 years is Rs. 400?

a)

Rs. 5000

b)

Rs. 2000

c)

Rs. 2500

d)

Rs. 1600

9.

Srikanth deposited Rs. 16000 in a bank that paid simple interest at the rate of 8% p.a. How much interest does he earn after 2 years?

a)

Rs.2560

b)

Rs.2530

c)

Rs.2540

d)

Rs.2580

10.

Find the compound interest on Rs. 16000 at the rate of 5% for three years.

a)

Rs.3511

b)

Rs.2522

c)

Rs.1733

d)

Rs.4566

SIMPLE AND COMPOUND INTREST CLASS-8

Total questions: 10

Worksheet time: 3mins

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