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Simple Interest Worksheet

The document is a worksheet containing various problems related to simple interest calculations. It includes 25 different scenarios requiring the computation of simple interest, principal amounts, rates, and time periods, with each problem followed by its respective answer. The problems cover a range of concepts, including calculating interest on loans, deposits, and determining the time required for investments to yield specific returns.

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yashdaswani71
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5 views3 pages

Simple Interest Worksheet

The document is a worksheet containing various problems related to simple interest calculations. It includes 25 different scenarios requiring the computation of simple interest, principal amounts, rates, and time periods, with each problem followed by its respective answer. The problems cover a range of concepts, including calculating interest on loans, deposits, and determining the time required for investments to yield specific returns.

Uploaded by

yashdaswani71
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Simple Interest

Worksheet- 1

1. Compute the simple interest on Rs. 5000 for 2 years at 3 ½ % per annum.
(ans. Rs 350)

2. A farmer borrowed Rs. 4800 for his son’s marriage and repaid the loan after 3
years. If simple interest at the rate of 6 ¼ % was charged, what additional amount
had he to pay? ( ans. Rs 900)

3. Find the amount of Rs. 1425 for 3 years 3 months at 4% simple interest per
annum. ( ans. Rs 1610.25)

4. What will be the simple interest of Rs. 1800 at 13% for 3 ½ years? ( ans. Rs
819)

5. Mr. Patel deposits Rs. 500 in a bank, at the beginning of the first year, Rs. 530 at
the beginning of the second year and Rs. 550 at the beginning of the third year.
The bank pays 8% per annum simple interest. What will be the amount in his
account at the end of the third year? ( ans. Rs. 1828.80)

6. Find the interest on Rs. 315.50 for 83 days at 4 ½% per annum simple interest.
( ans. 3.23)

7. What principal will earn simple interest of Rs. 120 in 2 2/3 years @ 6% p.a.
( ans. Rs. 750)

8. How much investment is required to yield an annual income of Rs. 210 at 7%


per annum simple interest? ( ans. Rs. 3000)

9. A man deposits a sum with a Bank at 12% simple interest per annum. On his
request made3 after 5 years, he is paid back Rs. 13,440. How much was deposited
by him? ( ans. 8400)

10. The interest on a sum of money at 6% p.a. for 7 years is equal to twice the
interest on another sum of money for 9 years at 5% p.a. Find the ratio of the two
sums. ( ans. 15:7)
11. Find the number of years to get Rs. 1530 as interest on a loan Rs. 1500 at 4%
per annum. ( ans. 25.5 years)

12. In what time will the interest on a sum of money be its 3/8 th time at 3 1/8% p.a.
simple interest? ( ans. 12 years)

13. In what time will Rs. 1100 amounts to Rs. 1331 at 5 ¼% per annum? ( ans. 4
years)

14. Find the period in which Rs. 550 will amount to Rs. 605 at 4% p.a. simple
interest.(ans. 2.5y)

15. In what time will the interest on a sum of money be 3/5 th of the amount at 10%
simple interest? ( ans. 15 years)

16. Find the annual rate of simple interest if Rs. 500 earned Rs. 55 as interest in 2
years and 9 months. ( ans 9%)

17. At what rate percent of simple interest a sum will double itself in 16 years?
( ans. 6 ¼%)

18. At what rate of simple interest will Rs. 800 amount to Rs. 836 in 9 months?
( ans. 6%)

19. At what rate percent per annum simple interest on a ceratin sum of money for
20 years be equal to 4/9th of its amount for that period? ( ans. 4%)

20. If the interest on Rs. 1200 for 3 years is less than the interest on Rs. 1500 for
the same period by Rs. 60, find the rate of interest. ( ans. 20/3%)

21. A certain sum at certain rate percent per annum simple interest becomes Rs.
2640 in two years and Rs. 3000 in 5 years. Find the principal and the rate percent
per annum.( ans. Rs. 2400; 5%)

22. In what time will Rs. 4000 at 3% interest produce the same income as Rs. 5000
in 5 years at 4%? ( ans. 8 1/3 years)

23. A sum of money double itself in 12 years 6 months. In how many years will it
triple itself? ( ans. 25 years)
24. What principal in 19 years at 7 ½% simple interest will earn the same interest
as Rs. 1900 in 8 years at 6%. ( ans. Rs. 912 , P = Rs. 640 )

25. Simple interest on a certain sum is 9/16 of the principal. Find rate of interest
and time if both are equal. ( 7 ½% ; 7 ½ years)

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