SIMPLE AND COMPOUND INTREST CLASS-8

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

• Rs 312

• Rs 412

• Rs 512

• Rs 612

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

• Rs 2520

• Rs 2521

• Rs 2522

• Rs 2523

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.

• Rs 12000

• Rs 20000

• Rs 15000

• Rs 10500

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?                          

• Rs 750

• Rs 675

• Rs 825

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

• 2%

• 5%

• 4%

• 3%

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)  Rs. 10800         

• B)    Rs. 16200      

    

•  C)    Rs. 12400      

• D)    Rs. 13326    

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?

• Rs. 195.75     

•   Rs. 140.50     

• Rs. 182.25     

• Rs.200.25                 

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

•   Rs. 5000        

•         

     Rs. 2000        

          

•      Rs. 2500        

• Rs. 1600

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?

• Rs.2560

• Rs.2530

• Rs.2540

• Rs.2580

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

• Rs.3511

• Rs.2522

• Rs.1733

• Rs.4566