ICSE 7 Maths
Simple Interest
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%
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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.
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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.
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