Simple Interest Word Problem
Authored by Anthony Clark
Mathematics
8th Grade
CCSS covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In what time will a sum of money double it at 8% per annum?
10 years
12 & 1/2 years
11 & 1/2 years
10 years 7 months
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
P & Q invest Rs 36,000 and Rs 25,000 respectively at the same rate of interest per year. If at the end of 4 years P gets Rs 3,080 more interest that Q; find rate of interest.
8.5% p.a
8% p.a
6.0% p.a
7.0% p.a
Tags
CCSS.8.EE.C.7B
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In 4 years Rs 6000 amounts to Rs 8000. What time will Rs 525 amount to Rs 700 at same rate of interest?
3 years
3 years 6 months
4 years
5 years
Tags
CCSS.8.EE.C.7B
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Rakesh lent out Rs . 8000 for 5 years at 15 % per annum and borrowed Rs . 6000 for 3 years at 12% per annum . How much did he gain or lose ?
Gained Rs 3840
Lost Rs 2800
Gained Rs 3430
Lost Rs 3840
Tags
CCSS.HSF.BF.A.2
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Mr.Garg lent Rs . 15000 to his friend . He charged 15% per annum on Rs. 12500 and 18% on the rest . How much interest does he earn in 3 years ?
Rs 6795
Rs 6597
Rs 6759
Rs 6975
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A person deposits Rs . 25000 in a firm who pays an interest at the rate of 20 % per annum . Calculate the income he gets from it annually .
Rs 5000
Rs 50000
Rs 500
Rs 5001
Tags
CCSS.HSF.BF.A.2
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Nalini borrowed Rs . 550 from her friend at 8% per annum . She returned the amount after six months . How much did she pay ?
582
562
552
572
Tags
CCSS.HSF.BF.A.2
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