Simple Interest
There is no content available!
To Access the full content, Please Purchase

Q1
The simple interest of Rs 8500 for 2 years at 8% p.a. is
Marks:1Answer:
Rs 1360.
Explanation:

Q2
If Ravi borrows Rs 750 for a period of 5 years at the rate of 5%, then the simple interest that he has to pay, will be
Marks:1Answer:
Rs 187.50.
Explanation:

Q3
The difference between the amount and principal is said to be the ________.
Select the correct option to complete the above sentence.
Marks:1Answer:
interest.
Explanation:
Interest is the extra money, which is being paid for borrowing a sum of money.

Q4
The amount to be paid on 7500 at 3.5% p.a. for 1 year is
Marks:1Answer:
7762.50.
Explanation:

Q5
If P = 1200 , R= 12% per annum and T = 3 years, then simple interest would be
Marks:1Answer:
432
Explanation:
I = PRT/100
Here, P= 1200, R = 12% and T = 3 years
I = (1200 12 3) / 100 = 432
I = 432