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PROBLEM SHEET SIMPLE INTEREST

Infinigent

Date :
454 , Garulia Main Road , PO Garulia , Dist : N 24 Pgs ( W.B. )
__11/08/2015__________________________
Phone :7890011940

IMPORTANT FORMULAE
SI

1.
P

100 SI
R T

100 SI
P T

100 SI
PR

2.
3.
4.

P R T
100

, Where P = Principal , I = Interest , T = Number of years , R = rate %

1 2 3 .......... n

n n 1
2

5.
[ Sum of n Terms ]
6. The annual payment that will discharge a debt of A due in t years at the rate of

interest r% per annum is

100 A
rt t 1
100t
2
P

I 100
t1 r1 t 2 r2 .............

7. When the rate of interest vary from time to time ,


8. If a sum of money becomes x times in t years at SI , the rate of interest or time is
100 x 1
%
t

100 x 1
r

given by
or
9. A sum of X is lent out in n parts in such a way that the interest on first part at r 1 % for
t1 yrs , the interest on second part at r2 % for t2 years , . and are equal , the ratio in
1
1
1
:
: ............ :
r1t1 r2 t 2
rn t n

which the sum was divided in n parts is given by


10. Relation between the principal and the amount :
100 Amount
100 rt
Sum =
11. When different amounts mature to the same amount at simple rate of interest , the ratio
of the amounts invested are in inverse ratio of ( 100 + time X rate ). The ratio in which
1
1
1
:
: ............ :
100 r1t1 100 r2 t 2
100 rn t n

amounts are invested is


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12. Two equal amounts of money are deposited at r1 % and r2 % for t1 and t2 years

Sum

I D 100
r1t1 r2 t 2

respectively .If the difference between their interest is I d then


.
13. If a sum of money amounts to A1 in t1 years and A2 in t2 years at simple rate of

100[ A2 A1 ]
A1t 2 A2 t1
interest the rate per annum =
Practice Problems
3
3 %
4

1. Find the simple interest on 306.25 from March 3 rd to July 27th at


p.a.
2. The simple interest on a sum of money is 1/9 of the principal , and the number of
years is equal to the rate percent per annum .Find the rate percent .
3. What annual payment will discharge a debt of 770 due in 5 years , the rate of
interest being 5% p.a. ?
4. The rate of interest for the first 2 years is 3% p.a. , for the next 3 years is 8% p.a.
and for the period beyond 5 years 10% p.a. If a man gets 1520 as a simple
interest for 6 years , how much money did he deposits ?
5. A sum of money doubles itself in 10 years at simple interest . what is the rate of
interest ?
6. In what time does a sum of money become four times at simple rate of 5% p. a. ?
7. Divide 2379 into three parts so that their amounts after 2 , 3 and 4 years
respectively may be equal , the rate of interest being 5% p.a.
8. A certain sum of money amounts to 756 in 2 years and to 873 in 3.5 years .Find
the sum and the rate of interest .
9. A sum of money doubles itself in 7 years .In how many years will it become
fourfold ?
10. A sum was put at SI at a certain rate for 2 years .Had it been put at 3% higher rate ,
it would have fetched 300 more .Find the sum .
11. At a certain rate of interest 800 amounted to 920 in 3 years .If rate of interest be
increased by 3% , what will be the amount after 3 years ?
12. The simple interest on a sum of money will be 300 after 5 years . In the next 5
years principal is trebled , what will be the total interest at the end of 10 th year ?
13. A sum of money 2600is lent out in two parts in such a way that the interest on one
part is 10% for 5 years is equal to that on another part at 9% for 6 years .Find the
two sums.
14. A certain sum of money amounted to 575 at 5% in a time in which 750
amounted to 840 at 4% .If the rate of interest is simple , find the sum .
15. A certain sum of money amounts to 2613 in 6 years at 5% p.a. .In how many years
will it amount to 3015 at the same rate ?
16. A person lent a certain sum of money at 4% simple interest ; and in 8 years the
interest amounted to 340 less than the sum lent .Find the sum lent .
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17. The simple interest on 1650 will be less than the interest on 1800 at 4% simple
interest by 30. Find the time .
18. Arun and Ramu are friends. Arun borrowed a sum of 400 at 5% p.a. from Ramu .
He return the amount with interest after 2 years .Ramu return to Arun 2% of the total
amount returned How much did arun Receive ?

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