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 $12000 into a bank account paying 1.5% simple interest per month. You left the money in for 210 days. Find the interest earned and the amount.
  1. The interest is $1242.734 and the amount is $13242.734.
  2. The interest is $1242.734 and the amount is $1325.2546
  3. The interest is $4212.734 and the amount is $13242.734.
  4. The interest is $1242.734 and the amount is $132.25
You deposit $1000 into a bank account and received $50 simple interest after 3 months. What had been the interest rate?
  1. The interest rate was 20% per year.
  2. The interest rate was 25% per year.
  3. The interest rate was 50% per year.
  4. The interest rate was 10% per year.
Dick takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest.Calculate the annual interest to be paid for the loan amount.
  1. Annual Interest to be paid = $720
  2. Annual Interest to be paid = $800
  3. Annual Interest to be paid = $700
  4. Annual Interest to be paid = $690
Find simple interest on Rs. 10,000 at the rate of 5% for 5 years. Also find the amount for 5 years.
  1. 2,000
  2. 2,325
  3. 2,500
  4. 3,000
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LKG - 12th

Rs 1,999  Annual
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