Daily Practice Problems
ICSE 7 Maths
Simple Interest
daily practice problem

Question 1:

Find the interest on Rs 700 for a period of 2 years at the rate of 6% per annum. Also, find the amount to be paid at the end of the period? [Level: Moderate]

(a) Rs. 700

(b) Rs. 760

(c) Rs. 784

(d) Rs. 600

 

Question 2:

A sum of Rs 500 is lent for 4 years at the rate of 4% per annum. Find the interest. [Level: Moderate]

(a) 72

(b) 80

(c) 90

(d) 82

 

Question 3:

Find the S.I. on Rs. 900 lent on August 10 and received back on October 22 of the same year, the rate being 8 34  % p.a. (per annum). [Level: Moderate]

(a) Rs. 12.75

(b) Rs. 11. 75

(c) Rs. 15.75

(d) Rs. 16.75

 

Question 4:

A invests Rs. 6,000 and B invests Rs. 10,000 at the same rate of interest per annum. If at the end of 3 years, B gets Rs. 520 more interest than A; find the interest.  [Level: Difficult]

(a) 8%

(b) 9%

(c) 7%

(d) 6%

 

Question 5:

A sum of Rs. 15000 will become Rs. 21000 in 24 months at some rate of simple interest. Find the rate of interest per annum? [Level: Moderate]

(a) 4%

(b) 2%

(c) 3 %

(d) 6 %

 

Question 6:

Find the sum which will amount to Rs. 1000 in 5 years at 5% p.a. [Level: Easy]

(a) Rs. 500

(b) Rs. 400

(c) Rs. 800

(d) Rs. 600

 

Question 7:

Supriya borrowed Rs 500 from her friend at 4% per annum. She returned the amount after 6 months. How much did she pay? [Level: Moderate]

(a) Rs. 510

(b) Rs. 512

(c) Rs. 572

(d) Rs. 600

 

Question 8:

In what time will a sum of money double itself at 12% p.a.? [Level: Moderate]

(a)  years

(b)  years

(c)  years

(d)  years

 

Question 9:

Which of the following formula is true for finding a principal? [Level: Easy]

(a) P =

(b) P =

(c) P =

(d) P =

 

Question 10:

Find the interest on Rs. 600 at 6 percent per month for 6 months. [Level: Easy]

(a) Rs. 220

(b) Rs. 230

(c) Rs. 216

(d) Rs. 250

 

Question 11:

What sum of money will amount to Rs. 992 at 4% in 6 years? [Level: Moderate]

(a) Rs. 700

(b) Rs. 750

(c) Rs. 800

(d) Rs. 850

 

Question 12:

A sum of Rs 700 is divided into two parts such that the interests on the first part at 5% simple interest per annum and that on the other part at 2% simple interest per annum are equal. What is the interest accumulated on each part (in Rs)? [Level: Difficult]

(a) Rs. 10

(b) Rs. 20

(c) Rs. 30

(d) Rs. 40

 

Question 13:

How long will it take Rs. 1,500 to become Rs. 2,000 at 4% per annum simple interest? [Level: Moderate]

(a) 3  years

(b) 1  years

(c) 4  years

(d) 2  years

 

Question 14:

At what rate of interest per annum simple interest will a sum triple itself in 12 years? [Level: Moderate]

(a) 16  years

(b) 16  years

(c) 15  years

(d) 15  years

 

Question 15:

A man took loan from a bank at the rate of 12% p.a. simple interest. After 2 years he had to pay Rs. 4800 interest only for the period. The principal amount borrowed by him was: [Level: Difficult]

(a) Rs. 2000

(b) Rs. 10000

(c) Rs. 20000

(d) Rs. 15000

 

Question 16:

How much time will take for an amount of Rs. 640 to yield Rs. 80 as interest at 5% per annum of simple interest? [Level: Moderate]

(a) 4 years

(b) 2.5 years

(c) 3 years

(d) 2 years

 

Question 17:

Find Simple interest on Rs 6250 at 14% per annum for 146 days? [Level: Easy]

(a) Rs. 350

(b) Rs. 450

(c) Rs. 550

(d) Rs. 650

 

Question 18:

A sum of money becomes  of itself in 3 years at a certain rate of simple interest. The rate per annum is __________. [Level: Moderate]

(a) %
(b) %
(c)
%
(d)
%

 

Question 19:

A certain amount earns simple interest of Rs. 2050 after 5 years. Had the interest been 2% more, how much more interest would it have earned? [Level: Difficult]

(a) Rs. 35

(b) Rs. 245

(c) Rs. 350

(d) cannot be determined

 

Question 20:

Find the rate percent, if the S.I. on Rs. 275 in 2 years is Rs. 22? [Level: Easy]

(a) 4%

(b) 5%

(c) 6%

(d) 7%

**********

Problem-solving on ICSE 7 Maths Simple Interest NCERT Chapter 11 after learning a theoretical concept is crucial for several reasons:

  1. Application of Knowledge: Problem-solving allows you to apply the theoretical concepts of the topic ICSE 7 Maths Simple Interest you have learned to real-life situations. It helps you bridge the gap between abstract knowledge and practical scenarios, making the learning more relevant and meaningful.
  2. Understanding Deeper Concepts: When you encounter problems related to a theoretical concept that you learned in ICSE 7 Maths Simple Interest NCERT Chapter 11, you are forced to delve deeper into its intricacies. This deeper understanding enhances your comprehension of the subject and strengthens your grasp of the underlying principles.
  3. Critical Thinking: Problem-solving encourages critical thinking and analytical skills. It requires you to analyze the problem, identify relevant information, and devise a logical solution. This process sharpens your mind and improves your ability to approach complex challenges effectively.
  4. Retention and Recall: Actively engaging in problem-solving reinforces your memory and improves long-term retention. Applying the concepts learned in Simple Interest ICSE 7 Maths in practical scenarios helps you remember them better than passive reading or memorization.
  5. Identifying Knowledge Gaps: When you attempt to solve problems, you may encounter areas where your understanding is lacking. These knowledge gaps become evident during problem-solving, and you can then focus on filling those gaps through further study and practice. You can refer Simple Interest ICSE 7 Maths Notes on LearnoHub.com
  6. Boosting Confidence: Successfully solving problems after learning a theoretical concept boosts your confidence in your abilities to handle Simple Interest. This confidence motivates you to tackle more challenging tasks and improves your overall performance in the subject.
  7. Preparation for Exams and Challenges: Many exams, especially in science, mathematics, and engineering, involve problem-solving tasks. Regular practice in problem-solving prepares you to face these exams with confidence and perform well. It is also advised to take tests on Simple Interest ICSE 7 Maths Online Tests at LearnoHub.com.
  8. Enhancing Creativity: Problem-solving often requires thinking outside the box and exploring various approaches. This fosters creativity and innovation, enabling you to come up with novel solutions to different problems.
  9. Life Skills Development: Problem-solving is a valuable life skill that extends beyond academics. It equips you with the ability to tackle various challenges you may encounter in personal and professional life.
  10. Improving Decision Making: Problem-solving involves making decisions based on available information and logical reasoning. Practicing problem-solving enhances your decision-making skills, making you more effective in making informed choices.

In summary, problem-solving after learning a theoretical concept on CBSE Simple Interest ICSE 7 Maths is an essential part of the learning process. It enhances your understanding, critical thinking abilities, and retention of knowledge. Moreover, it equips you with valuable skills that are applicable in academic, personal, and professional contexts.

You must have heard of the phrase “Practice makes a man perfect”. Well, not just a man, practice indeed enhances perfection of every individual.

Practicing questions plays a pivotal role in achieving excellence in exams. Just as the adage goes, "Practice makes perfect," dedicating time to solve a diverse range of exam-related questions yields manifold benefits. Firstly, practicing questions allows students to familiarize themselves with the exam format and types of problems they might encounter. This familiarity instills confidence, reducing anxiety and improving performance on the actual exam day. Secondly, continuous practice sharpens problem-solving skills and enhances critical thinking, enabling students to approach complex problems with clarity and efficiency. Thirdly, it aids in identifying weak areas, allowing students to focus their efforts on improving specific topics. Moreover, practice aids in memory retention, as active engagement with the material reinforces learning. Regular practice also hones time management skills, ensuring that students can allocate appropriate time to each question during the exam. Overall, practicing questions not only boosts exam performance but also instills a deeper understanding of the subject matter, fostering a holistic and effective learning experience.

All About Daily Practice Problems on ICSE 7 Maths Simple Interest NCERT Chapter 11

Our Daily Practice Problems (DPPs) offer a diverse range of question types, including Multiple Choice Questions (MCQs) as well as short and long answer types. These questions are categorized into Easy, Moderate, and Difficult levels, allowing students to gradually progress and challenge themselves accordingly. Additionally, comprehensive solutions are provided for each question, available for download in PDF format - Download pdf solutions as well as Download pdf Questions. This approach fosters a holistic learning experience, catering to different learning styles, promoting self-assessment, and improving problem-solving skills. With our well-structured DPPs, students can excel in exams while gaining a deeper understanding of the subject matter. Hope you found the content on ICSE 7 Maths Simple Interest NCERT Chapter 11 useful.

Last but not least, to get the best hold on ICSE 7 Maths Simple Interest NCERT Chapter 11, do not forget to check out:

  • Simple Interest ICSE 7 Maths Best videos
  • Simple Interest ICSE 7 Maths NCERT Solutions
  • ICSE 7 Maths Simple Interest Revision notes
  • Simple Interest ICSE 7 Maths DPPs, Download PDF of solutions
  • ICSE 7 Maths Simple Interest Online Tests
  • ICSE 7 Maths Sample papers

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