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ICSE Grade VIII - Simple Interest
Question
1
1.
If the simple interest on a certain principal is ₹5000.00 for 5 year(s) at ROI 10.00% p.a. computed annually, then what is the simple interest for the same principal and ROI for 4 year(s)?
₹4000.00
₹3998.00
₹4002.00
₹3999.00
₹4001.00
Question
2
2.
If principal is ₹20000.00 and simple interest amount is ₹22400.00 for 2 year(s) computed annually, then interest is
₹2402.00
₹2401.00
₹2400.00
₹2399.00
₹2398.00
Question
3
3.
If principal is ₹16000.00, ROI is 9.00% p.a., no of year(s) is 4 and interest type is simple interest computed annually, then amount is
₹21760.00
₹21762.00
₹21761.00
₹21758.00
₹21759.00
Question
4
4.
If principal is ₹17000.00, ROI is 9.00% p.a. and accumulated simple interest computed annually is ₹3060.00, then no of years is
5
2
1
4
3
Question
5
5.
If ROI is 10.00% p.a., no of year(s) is 2 and accumulated simple interest is ₹3400.00 computed annually, then amount is
₹20400.00
₹20399.00
₹20402.00
₹20401.00
₹20398.00
Question
6
6.
If principal is ₹20000.00, ROI is 6.00% p.a. and accumulated simple interest computed annually is ₹4800.00, then amount is
₹24801.00
₹24802.00
₹24800.00
₹24798.00
₹24799.00
Question
7
7.
Find simple interest, if P = principal, T = time, R = rate percent per annum
PT
100 + R
P + T + R
100
100
PTR
PTR
100
Question
8
8.
Given SI = simple interest, P = principal, T = time, R = rate percent per annum, find simple interest
PTR
100
100 x SI
P x R
100 x SI
P x T
100 x SI
R x T
Question
9
9.
If principal is ₹6000.00 and simple interest amount is ₹6960.00 for 2 year(s) computed annually, then ROI per annum is
6.00%
10.00%
7.00%
8.00%
9.00%
Question
10
10.
If the simple interest on a certain principal is ₹2200.00 for 5 year(s) at ROI 4.00% p.a. computed annually, then what is the simple interest for the same principal and duration at 6.00% p.a. ROI?
₹3300.00
₹3298.00
₹3299.00
₹3302.00
₹3301.00
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