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.
You deposit $350 into a bank account paying 1.2% simple interest per month. If you receiver $9 as interest, find the time for which the money stayed at the bank.
  1. Money stayed at the bank 5 months and 5 days.
  2. Money stayed at the bank 10 months and 5 days.
  3. Money stayed at the bank 2 months and 5 days.
  4. Money stayed at the bank 3 months and 5 days.
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.
Ryan bought $ 15,000 from a bank to buy a car at 10% simple Interest. If he paid $ 9,000 as interest while clearing the loan, find the time for which the loan was given.
  1. The loan was given for 6 years.
  2. The loan was given for 4 years.
  3. The loan was given for 8 years.
  4. The loan was given for 5 years.
Steve invested $ 10,000 in a savings bank account that earned 2% simple interest. Find the interest earned if the amount was kept in the bank for 4 years.
  1. $900
  2. $100
  3. $800
  4. $620
Time Elapsed

HR : MIN : SEC
Question Answered
0
Score out of 100
0

Get Started!

we provide the best
services to our students

AmazingCounters.com Views

 

LKG - 12th

Rs 1,999  Annual
Plan
TOP