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T R P SI SI P SI R SI T N N N: Problem Sheet - Simple Interest Date: - 11/08/2015

This document contains 17 practice problems related to simple interest calculations. It provides important formulas for calculating simple interest, principal, rate of interest, time period, and sum of terms. It also includes formulas for calculating annual payments to discharge debts, interest earned when rates vary over time, and determining rates or time periods when money doubles or quadruples at simple interest.

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Jaideep Kumar Varma
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
137 views

T R P SI SI P SI R SI T N N N: Problem Sheet - Simple Interest Date: - 11/08/2015

This document contains 17 practice problems related to simple interest calculations. It provides important formulas for calculating simple interest, principal, rate of interest, time period, and sum of terms. It also includes formulas for calculating annual payments to discharge debts, interest earned when rates vary over time, and determining rates or time periods when money doubles or quadruples at simple interest.

Uploaded by

Jaideep Kumar Varma
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PROBLEM SHEET SIMPLE INTEREST

Infinigent

Date :
454 , Garulia Main Road , PO Garulia , Dist : N 24 Pgs ( W.B. )
__11/08/2015__________________________
Phone :7890011940

IMPORTANT FORMULAE
SI

1.
P

100 SI
R T

100 SI
P T

100 SI
PR

2.
3.
4.

P R T
100

, Where P = Principal , I = Interest , T = Number of years , R = rate %

1 2 3 .......... n

n n 1
2

5.
[ Sum of n Terms ]
6. The annual payment that will discharge a debt of A due in t years at the rate of

interest r% per annum is

100 A
rt t 1
100t
2
P

I 100
t1 r1 t 2 r2 .............

7. When the rate of interest vary from time to time ,


8. If a sum of money becomes x times in t years at SI , the rate of interest or time is
100 x 1
%
t

100 x 1
r

given by
or
9. A sum of X is lent out in n parts in such a way that the interest on first part at r 1 % for
t1 yrs , the interest on second part at r2 % for t2 years , . and are equal , the ratio in
1
1
1
:
: ............ :
r1t1 r2 t 2
rn t n

which the sum was divided in n parts is given by


10. Relation between the principal and the amount :
100 Amount
100 rt
Sum =
11. When different amounts mature to the same amount at simple rate of interest , the ratio
of the amounts invested are in inverse ratio of ( 100 + time X rate ). The ratio in which
1
1
1
:
: ............ :
100 r1t1 100 r2 t 2
100 rn t n

amounts are invested is


I

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12. Two equal amounts of money are deposited at r1 % and r2 % for t1 and t2 years

Sum

I D 100
r1t1 r2 t 2

respectively .If the difference between their interest is I d then


.
13. If a sum of money amounts to A1 in t1 years and A2 in t2 years at simple rate of

100[ A2 A1 ]
A1t 2 A2 t1
interest the rate per annum =
Practice Problems
3
3 %
4

1. Find the simple interest on 306.25 from March 3 rd to July 27th at


p.a.
2. The simple interest on a sum of money is 1/9 of the principal , and the number of
years is equal to the rate percent per annum .Find the rate percent .
3. What annual payment will discharge a debt of 770 due in 5 years , the rate of
interest being 5% p.a. ?
4. The rate of interest for the first 2 years is 3% p.a. , for the next 3 years is 8% p.a.
and for the period beyond 5 years 10% p.a. If a man gets 1520 as a simple
interest for 6 years , how much money did he deposits ?
5. A sum of money doubles itself in 10 years at simple interest . what is the rate of
interest ?
6. In what time does a sum of money become four times at simple rate of 5% p. a. ?
7. Divide 2379 into three parts so that their amounts after 2 , 3 and 4 years
respectively may be equal , the rate of interest being 5% p.a.
8. A certain sum of money amounts to 756 in 2 years and to 873 in 3.5 years .Find
the sum and the rate of interest .
9. A sum of money doubles itself in 7 years .In how many years will it become
fourfold ?
10. A sum was put at SI at a certain rate for 2 years .Had it been put at 3% higher rate ,
it would have fetched 300 more .Find the sum .
11. At a certain rate of interest 800 amounted to 920 in 3 years .If rate of interest be
increased by 3% , what will be the amount after 3 years ?
12. The simple interest on a sum of money will be 300 after 5 years . In the next 5
years principal is trebled , what will be the total interest at the end of 10 th year ?
13. A sum of money 2600is lent out in two parts in such a way that the interest on one
part is 10% for 5 years is equal to that on another part at 9% for 6 years .Find the
two sums.
14. A certain sum of money amounted to 575 at 5% in a time in which 750
amounted to 840 at 4% .If the rate of interest is simple , find the sum .
15. A certain sum of money amounts to 2613 in 6 years at 5% p.a. .In how many years
will it amount to 3015 at the same rate ?
16. A person lent a certain sum of money at 4% simple interest ; and in 8 years the
interest amounted to 340 less than the sum lent .Find the sum lent .
I

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17. The simple interest on 1650 will be less than the interest on 1800 at 4% simple
interest by 30. Find the time .
18. Arun and Ramu are friends. Arun borrowed a sum of 400 at 5% p.a. from Ramu .
He return the amount with interest after 2 years .Ramu return to Arun 2% of the total
amount returned How much did arun Receive ?

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