The City School

Academic Year 2020-21

Class 8-Term 2
Subject: Mathematics
Topic: Percentages
Worksheet # 07-C

Student’s Name: ___________________ Date: ___________

Objective:
By completing this worksheet, you will be able to:

 Solve real life word problems involving simple interest.

 When at the time of returning the loan to the Bank, we have to pay back an amount
somewhat bigger than the borrowed loan amount. The additional amount is called
Simple Interest.

𝑷𝑹𝑻
𝑺𝒊𝒎𝒑𝒍𝒆 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝑭𝒐𝒓𝒎𝒖𝒍𝒂 (𝑰) =
𝟏𝟎𝟎
𝒘𝒉𝒆𝒓𝒆 𝑰 𝒊𝒔 𝒕𝒉𝒆 𝒂𝒎𝒐𝒖𝒏𝒕 𝒐𝒇 𝒊𝒏𝒕𝒆𝒓𝒆𝒔𝒕
𝑷 𝒊𝒔 𝒕𝒉𝒆 𝒑𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍
𝑹% 𝒊𝒔 𝒕𝒉𝒆 𝒊𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝒑𝒆𝒓 𝒂𝒏𝒏𝒖𝒎 (𝒐𝒓 𝒚𝒆𝒂𝒓)
𝑻 𝒊𝒔 𝒕𝒉𝒆 𝒕𝒊𝒎𝒆 𝒑𝒆𝒓𝒊𝒐𝒅

𝑨𝒎𝒐𝒖𝒏𝒕 (𝑨) = 𝑷𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍 𝑨𝒎𝒐𝒖𝒏𝒕 + 𝑰𝒏𝒕𝒆𝒓𝒆𝒔𝒕 𝑨𝒎𝒐𝒖𝒏𝒕 = 𝑷 + 𝑰

 Learn more about simple interest from page 126 of D3 7th Edition.

 Watch the video using the given link for a better understanding of the topic.
How to calculate SI for one year:
https://www.khanacademy.org/math/in-in-class-7th-math-cbse/x939d838e80cf9307:comparing-
quantities/x939d838e80cf9307:simple-interest/v/intro-to-simple-interest-comparing-quantities-
class-7-india-math-khan-academy

https://www.khanacademy.org/math/in-in-class-7th-math-cbse/x939d838e80cf9307:comparing-
quantities/x939d838e80cf9307:simple-interest/v/finding-simple-interest-for-one-year-comparing-
quantities-class-7-india-khan-academy

How to calculate SI for many years:

https://www.khanacademy.org/math/in-in-class-7th-math-cbse/x939d838e80cf9307:comparing-
quantities/x939d838e80cf9307:simple-interest/v/finding-simple-interest-for-many-years-
comparing-quantities-class-7-india-khan-academy
Q1.Find the simple interest and the total amount of money loaned after a certain
period of time.

Loan Interest Rate Time given to SI A

per annum repay loan

$700 6% 5 𝑦𝑒𝑎𝑟𝑠

$ 360 8% 3.5 𝑦𝑒𝑎𝑟𝑠

$ 480 1 4 𝑦𝑒𝑎𝑟𝑠 8 𝑚𝑜𝑛𝑡ℎ𝑠

4 %
4

𝑅𝑠 1600 8 18 𝑚𝑜𝑛𝑡ℎ𝑠
9 %
3

Working:
Q2. Find the Time when Principal = $ 500 Rate = 7.5% p.a S.I. = $ 150

Q3. Find the Rate when Principal = $ 350 Time = 2¹/₂ years S.I. = $
140

Q4. Find the Principal when S.I. = $ 192 Rate = 6% per annum Time =
4 years

Q5. $ 4000 were lent each to Ron and Rob at 15% per annum for 3¹/₂ years and 5
years respectively. Find the difference in the interest paid by them.
 Q6. Rocky lends $3000 to Ken at 10% per annum and the Ken lends the same sum
to Mike at 12% per annum. Find Ken’s gain over a period of 3 years.

Q7. Divide $1750 into two part so that simple interest on the first when deposited
for 2 years at 15% per annum and that on the second when deposited for 3 years at
16% per annum in a bank add to give the total interest of $624.

D3 – 7th Edition
Practice Now 11 – Page 126
Chapter 5 – Page 123
Exercise 5C Q 1-4

Master your skills of calculating simple interest by practicing more using the given
link.
https://www.khanacademy.org/math/in-in-class-7th-math-cbse/x939d838e80cf9307:comparing-
quantities/x939d838e80cf9307:simple-interest/e/simple-interest

https://www.khanacademy.org/math/in-in-class-7th-math-cbse/x939d838e80cf9307:comparing-
quantities/x939d838e80cf9307:simple-interest/e/simple-interest-word-problems

Century Nuggets – MF10.05 & MF11.06