Simple Interest

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SIMPLE INTEREST

P-Principal N-No.of years


R-Rate of interest SI-Simple Interest
SI =PNR/100 A-Amount+SI
TYPE 1
1 Find the simple interest and amount for the amount rs.5000 at rate of interest
10%p.a after 2 yrs.?

2 Find the simple interest obtained on a sum of rs.15000 at rate of interest 6%p.a
after 5 yrs.?

3 Find the simple interest and amount for the amount rs.56000 at rate of interest
12.5%p.a at the end of 3 yrs.?

4 Find the simple interest and amount for the amount rs.16000 at rate of interest
6(1/4) %p.a at the end of 1(1/2) yrs.?( 6(1/4)%=6.25%=1/16)

5 Find the simple interest and amount for the amount rs.4000 at rate of interest
8%p.a at the end of 2yrs 9 months?

6 Lakshana invests an amount of Rs. 24,200 for 6 years at the rate of interest 4%p.a
to obtain a simple interest .Later she invests the principal amount as well as the
amount obtained as simple interest for anther 4yrs at the same rate of interest.
What amount of simple interest will she obtain at the end of last 4years?
Type 2:Find P / R / N
1 Subiksha invested certain amount @rate of 6%p.a for 5years .If she obtained a
simple interest of Rs.8490 at the end of 5years, what will be the amount he
invested?

2 A sum of money fetches rs.24, 200 at SI @rate of interest 4%p.a for 10years.what
is the principal?

3 A man invested an amount for 5years at rate of interest 4%p.a. He got an amount
of Rs.18000 at the end of 5years .What amount did he invested as principal?

4 A man invested an amount for 3years at rate of interest 9%p.a. He got an amount
of Rs.19050 at the end of 3years .What amount did he invested as principal?

TYPE 3:TO FIND R% & N


1 The interest earned on amount Rs.15, 000 in 3 years is Rs.5400.Find the rate of
interest?

2 A man borrowed a loan of Rs.25000 and he repays of Rs.31000 at the end of 2


years. Find the rate of interest?

3 The interest earned on amount Rs.24, 000 in 2years is 1/5 of the principal. Find
the rate of interest?

4 The interest earned on amount Rs.24, 000 in 2years is 1/5 of the principal. Find
the rate of interest?
5 The simple interest obtained in 3years on a principle of Rs.25000 is 3/20 of the
principal. Find the rate of interest?

6 A man lent a sum of money Rs.25000 with SI for as many years as the rate of
interest. He gets 4000 as interest at the end. What is the rate of interest?

7 A man lent a sum of money Rs.10000 with SI for as many years as the rate of
interest. He gets 12100 as interest at the end. How many years did he lend his
sum?

TYPE 4 : DOUBLES / TRIPLES


1 At what rate of SI a sum of money would double itself in 20 years?

2 At what rate of SI a sum of money would triples itself in 25 years?

3 At what rate of SI a sum of money would triples itself in 25 years?

4 At what rate of SI a sum of money would 4times itself in 15 years?

5 In how many years a certain principal doubles itself at 10% p.a SI.

6 In how many years a certain principal triples itself at 16.66% p.a SI.
7 In how many years a certain principal 4 itself at 12.5% p.a SI.

8 At what rate of SI a sum of money would (8/5) itself in 10 years?

9 In how many years a certain principal 11/5 times of itself at 15% p.a SI.

TYPE 5:DOUBLES / TRIPLES


1 If a sum of money doubles itself in 5years , then in how many years it becomes 6
times at the same rate of interet?

2 If a sum of money triples itself in 8years , then in how many years it becomes 7
times at the same rate of interet?

3 If a sum of money 5times itself in 4years, then in how many years it becomes 6
times at the same rate of interet?

TYPE 6
1 A ceratin sum of money lent out at SI amount to Rs.1950 in 3years and Rs.2250 in
5years. Find the rate of interest.

2 If the SI of 6years be equal to 30% of the principal, then it will be equal to


principal in how many years?
TYPE 7 :DIFFERENT R%
1 What will be the SI for the sum of amount Rs.25, 000 for 6years while for first
2years in 5%p.a, for next 3 years is 7%p.a and for the period beyond 5years is 9%.
Find the SI and the amount at the 6years?

2 What will be the SI for the sum of amount Rs.6, 000 for 6years while for first
3years in 4%p.a, for next 3 years is 5%p.a and for the period beyond 6years is 6%.
Find the SI and the amount at the 9years?

3 A sum of money is places at SI while for first 2years in 10%p.a, for next 3 years is
12%p.a, for next 4 years is 15%p.a and for the period beyond 9years is 24%, if the
SI obtained in 10 years is Rs.2800 find the principal?

TYPE 7: EQUAL DEBTS


1 A borrowed Rs.6000 at 4% and B borrowed Rs.4000 at 8% at SI. After how many
years will they have equal debts?

2 A borrowed Rs.1200 at 4% and B borrowed Rs.700 at 9% at SI. After how many


years will they have equal debts?

3 A borrowed Rs.4000 at r% and B borrowed Rs.2500 at 9% at SI. After 60years


they have equal debts, then find the value of r?
TYPE 8:BASED ON DIFFERENCE
1 The difference between the SI on a certain sum of money at 8% for 5yrs and at 6%
for 7yrs on the same of money is Rs.3000. Find the principal?

2 The SI on a certain sum of money at 15% for 4yrs is Rs.1600 less than its
principal .Find the sum of money and the principal at the end of 4yrs ?

3 The difference between the SI and principal on a certain sum of money at 11.11%
for 4yrs is Rs.2500. Find the principal and SI

TYPE 9:DIFFERENT SCHEME


1 A man invested a total amount of Rs.15000 in 2 parts under 2 different schemes P
and Q and total interest of Rs.1660 at the end of 2 yrs. Scheme P offered 5%p.a SI
and Scheme Q offered 6%p.a SI.What was the amount invested in Scheme Q?

2 A man invested a total amount of Rs.28000 in 2 different Bank P and Q. Bank P


offered 6%p.a SI and Scheme Q offered 4%p.a SI.If the interest obtained in the
end of 4 yrs What was the amount invested in Bank Q?

3 A man invested a total amount of Rs.4200 in 2 different Bank P and Q. Bank P


offered 4%p.a SI and Scheme Q offered 12%p.a SI.If the interest obtained in the
bank A at the end of 5 yrs is equal to the interest obtained in the bankB at the end
of 3 yrs What was the amount invested in Bank P and Q?
4 A man invested a total amount of Rs.9100 in 3 different Bank A , B and C. Bank
A offered 10%p.a SI ,Bank B offered 5%p.a and Bank C offered 2%p.a SI.If the
interest obtained in the bank A at the end of 2 yrs. and the interest obtained in the
bank B at the end of 1 yrs and the interest obtained in the bank c at the end of 5
yrs are equal. What was the amount invested in all the Bank?

5 A man invested a total amount of Rs.27000 in 3 different Schemes Bank P ,Q, R,


and earned total interest of Rs.5100 @ the end of 3 yrs. Scheme P offered 6%p.a ,
. Scheme Q offered 5%p.a SI and Scheme R offered 10%p.a SI.If the interest
obtained in the all interest at the end of 3 yrs is equal.What was the amount
invested in scheme R?
COMPOUND INTEREST
CI =Compound Interest
P-Principal
N-No. of years
R-Rate of interest
A-Amount= A+CI
N R
Compounded Annually *1 /1
Compounded Half Yearly *2 /2
Compounded Quarterly *4 /4

Type 1: To find CI & A


1. Find the CI on Rs.4480 in 2yrs @12.5%pa,the interest in compounded annually?

2 Find the CI on Rs.1960 in 2yrs @42.85%pa, the interest in compounded annually?

3 Find the CI on Rs.5000 in 2yrs @8%pa, the interest in compounded annually?

4 A man invested an amount Rs.1200 @5%p.a.What amount of CI will be obtained


at the end of 2 years?

5 A man invested an amount Rs.1200 @10%p.a.What amount of CI will be


obtained at the end of 2 1/2 years?

6 What would be the CI obtained on an amount of Rs.4000 @5%p.a after 3 yrs.?

7 What would be the amount at the end of 3 yrs. on Rs.3200 @25%p.a, CI which is
compounded annually?

8 What would be the amount at the end of 1 yrs. on Rs.8000 @20%p.a, CI which is
compounded half yearly basis?

9 A man invested an amount of Rs.6480 @33.33%p.a CI which is compounded half


yearly for 1(1/2) years. Find A and CI?

10 What would be the compound interest obtained on an amount of Rs.36450


@44.44%p.a for 9 months, compounded quarterly?

TO FIND PRINCIPAL, TO FIND R%, DOUBLES/ TRIPLES


1. A sum of money fetches Rs.408 as CI @4%p.a foe 2 years. What is the sum?

2 Mani borrowed certain amount from Ravi @20% p.a CI. If Mani pay Rs.28, 800
against repayment of the entire loan at the end of 2 years, then find the loan
amount he borrowed.

3 A invested a certain sum of money @20%p.a CI for 3 years. If the CI at the end is
Rs.720.Then find the principle?

4 At what rate of CI, a sum of Rs.2500 amounts to Rs.2809 in 2 years.

5 A sum of Rs.6250 is invested in CI for 2 yrs. The CI obtained at end of 2 yrs is


Rs.2160.Find the rate of interest p.a?
6 A sum of Rs.432 is invested in CI for 3 yrs. The CI obtained at end of 2 yrs is
Rs.254.Find the rate of interest p.a?

7 A sum of Rs.4374 is invested in CI for 1(1/2) yrs which is compounded half


yearly. The CI obtained at end is Rs.7986.Find the rate of interest p.a?

8 A certain sum of money doubles itself in 4 yrs. In how many years it will become
8times of itself in CI for same rate of interest?

9 A certain sum of money doubles itself in 5 yrs. In how many years it will become
16 times of itself in CI for same rate of interest.

10 A certain sum of money triples itself in 8yrs.In how many years it will become 27
times of itself in CI for same rate of interest.

11 A certain sum of money 4times itself in 6 yrs. In how many years it will become
256 times of itself in CI for same rate of interest.
DIFFERENCE BETWEEN SI & CI
1. What is the difference between SI and CI on an amount of Rs.7000 @ the end of 2
yrs @10%p.a?

2 What is the difference between SI and CI on an amount of Rs.9800 @ the end of 2


yrs @14.28%p.a?

3 What is the difference between SI and CI on an amount of Rs.5000 @ the end of


3yrs @20%p.a?

4 The difference between SI and CI on certain sum of money is Rs.270 @ the end of
3yrs @15%p.a.Then find the sum of money?

5 The difference between SI and CI on certain sum of money is Rs.760 @ the end of
3yrs @16.66%p.a.Then find the sum of money?

6 If the CI on a certain sum of money for 2 years @12.5% is Rs.510, then find the SI
on the same sum @ same rate of interest for same period?

7 If the CI on a certain sum of money for 2 years @10% is Rs.525, then find the SI
on the same sum @ half the rate of interest and double the period?
8 If the SI on a certain sum of money for 3 years @8% is half CI on the amount of
Rs.4000 for 2 years @ 10% p.a.The sum placed on SI?

9 If the SI on a certain sum of money for 2 years @R% is Rs.2000.If the same sum is
invested at CI for 2 years @R% then the CI will be Rs.2200, then find R% and
sum of money?

10 If the SI on a certain sum of money for 2 years @R% is Rs.1200.If the same sum is
invested at CI for 2 years @R% then the CI will be Rs.1275, then find R% and
sum of money?

DIFFERENT YEARS, AMOUNT & R%


1. A sum of money invested on CI it becomes Rs.13380 after 3 years and Rs.20070
after 6 years, then find the sum?

2 A sum of money invested on CI it becomes Rs.1900 after 4 years and Rs.4750 after
8 years, then find the sum?

3 A sum of money invested on CI it becomes Rs.3780 after 6 years and Rs.8820 after
12 years, then find the sum?

4 A sum of money invested on CI it becomes Rs.8640 in 2 years and Rs.10368 in 3


years, then find the sum?

5 A sum of money invested on CI and it amounts to Rs.8800 in 1 years and Rs.10648


in 3 years, then find the sum?

6 A sum of money invested on CI and it amounts to Rs.6400 in 2 years and Rs.12500


in 5 years, then find the sum?

7 A sum of Rs.25000 is invested on CI for 2 yrs. If the rate of interest for the 1st year
is 5%p.a and for the 2nd year is 10%p.a.Then find the CI at the end of 2 years?

8 A sum of Rs.5400 is invested on CI for 3 yrs. If the rate of interest for the 1st year is
6.25%p.a, for the 2nd year is 6.66%p.a. and for the 3rd year is 11.11%p.a.Then find
the CI at the end of 3 years?

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