Class VIII

You deposit $1000 into a bank account paying 7% simple interest per year. You left the money in for 3 years. Find the interest earned and the amount at the end of those 3 years?
  1. The interest is $210 and the amount is $1200.
  2. The interest is $200 and the amount is $1210.
  3. The interest is $210 and the amount is $1210.
  4. The interest is $222 and the amount is $1250.
In how much time will the simple interest on $3,500 at the rate of 9% p.a be the same as simple interest on $4,000 at 10.5% p.a for 4 years?
  1. Time = t = 3.33 years.
  2. Time = t = 4.33 years.
  3. Time = t = 5 years.
  4. Time = t = 5.33 years.
You deposit $12000 into a bank account paying 1.5% simple interest per month. You left the money in for 210 days. Find the interest earned and the amount.
  1. The interest is $1242.734 and the amount is $13242.734.
  2. The interest is $1242.734 and the amount is $1325.2546
  3. The interest is $4212.734 and the amount is $13242.734.
  4. The interest is $1242.734 and the amount is $132.25
Find simple interest on Rs. 3000 at 7% rate of interest for one year.
  1. 200
  2. 210
  3. 230
  4. 195
Find simple interest on Rs. 10,000 at the rate of 5% for 5 years. Also find the amount for 5 years.
  1. 2,000
  2. 2,325
  3. 2,500
  4. 3,000
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