SIMPLE INTEREST

Read carefully and SOLVE.

I=C*i*t M=C+I M=C*(1+(it))

SI=P*R*T EB=P+SI

177 194 x 0.07x 13

371 177 + 194

189 150 x 0.09 x 14

339 189 + 150

8 269 X 0.01 X 3

277 8 + 269

236 472 X 0.05 X 10

708 236 + 472

 30 135 X 0.02 X 11

165 30 + 135

129 198 X 0.05 X 13

327 198 + 129

Use simple interest to find the ending balance.

1. $1,300$1,300 at 5%5% for 66 years. 1690

2. $5,400$5,400 at 7.5%7.5% for 66 months. 5602.5
3. $25,600$25,600 at 9.2%9.2% for 55 years. 37 376
4. $240$240 interest is earned on a principal of $1500$1500 at a simple
interest rate of 4%4% interest per year. For how many years was the
principal invested? 44 YEARS
5. A new car, valued at $28,000$28,000, depreciates at 9%9% per year
from original price. Find the value of the car 33 years after purchase. 20
440
6. Sara puts $2,000$2,000 into an investment yielding 5%5% annual simple
interest; she left the money in for five years. How much interest does Sara
get at the end of those five years? 6500
NOTE: Rs= Rupees ( rupia es la moneda de la India) p.a.= anual

Q.2. Find out the capital required to earn a monthly interest of Rs. 210 at 7 % simple interest.

a) Rs. 24000

b) Rs. 30000

c) Rs. 18000

d) Rs. 36000

e) Rs. 72000

Q.3. If Rs. 460 amounts to Rs. 640 in 6 years, what will it amount to in 2 years at the same rate
%?
a) Rs. 520

b) Rs. 585

c) Rs. 700

d) Rs. 640

e) Rs. 685

Q.4.A certain sum of money amounts to 7/4 of itself in 3 years. The rate percent p.a. is
a) 25 %

b) 20 %

c) 15%
d) 10 %

e) 5 %

Q.5.In what time will Rs. 25 become Rs. 37 at % p.a. simple interest?
a) 1/2 Years

b) 2 Years

c) 2 1/4 Years

d) 2 1/2 Years

e) 3 Years

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