Class 7 - Simple Interest Worksheet 2
1. The money borrowed, or lent is known as principal. Mark True / False.
a) True b) False
2. The simple interest depends upon Principal and Rate of interest but does not depend on time. Mark True / False.
a) True b) False
3. The time for which money is borrowed is known as Time (T). Mark True / False.
a) True b) False
4. If P, R, T stands for principal, Rate of interest and time respectively, then Simple Interest = (P×R×T)⁄100. Mark True / False.
a) True b) False
5. P = (T × R × I)⁄100. Mark True / False.
a) True b) False
6. How long will it take for Rs. 2400 invested at the rate of 10% per annum simple interest to amount to Rs. 3200?
a) 2 1⁄3 years b) 1 1⁄3 years
c) 3 1⁄3 years d) 2 2⁄3 years
7. At what rate will Rs. 72000 fetch a simple interest of Rs. 18000 in 6 years?
a) 2 1⁄3 % b) 3 1⁄6 %
c) 2 1⁄5 % d) 4 1⁄6 %
8. What sum of money will raise a simple interest of Rs. 1122 in 3 years 4 months at 11% per annum?
a) Rs. 3600 b) Rs. 3060
c) Rs. 3160 d) Rs. 3006
9. If Rohit borrows Rs. 2400 at 9% per annum simple interest, then what amount he has to return at the end of 5 years?
a) Rs. 3408 b) Rs. 3840
c) Rs. 3480 d) Rs. 4380
10. A sum of Rs. 9000 amounts to Rs. 9900 in 5 years. What will it amount to if the rate of interest is increased by 3%?
a) Rs. 11250 b) Rs. 10250
c) Rs. 12250 d) Rs. 12150
11. Find the rate of interest when simple interest on Rs. 75000 in 4 years is Rs. 5000.
a) 2 2⁄3 % b) 2 1⁄3 %
c) 1 2⁄3 % d) 2 3⁄5 %
12. Rs. 14000 is invested at 4% per annum simple interest. How long will it take for the amount to reach Rs. 16240?
a) 3 Years b) 2 Years
c) 5 Years d) 4 Years
13. Bob borrows Rs. 8000 at 12% per annum simple interest and John borrows Rs. 9100 at 10% per annum simple interest. In how many years will their amounts be equal?
a) 21 Years b) 18 Years
c) 22 Years d) 25 Years
14. At simple interest a sum becomes 5⁄2 of itself in 2 1⁄2 years. What is the rate of interest per annum?
a) 40% b) 60%
c) 30% d) 50%
15. The simple interest on a certain sum for 4 years at 6% per annum is Rs. 96 less than the simple interest on the same sum for 3 years at 10% per annum. Find the sum.
a) Rs. 1200 b) Rs. 1400
c) Rs. 1500 d) Rs. 1600
16. Simple interest on a certain sum 9⁄25 of the sum. Find the rate percent and the time if both are numerically equal.
a) 5%, 5 Years b) 6%, 6 Years
c) 7%, 7 Years d) 8%, 8 Years
17. In what time will Rs. 4800 amounts to Rs. 5200 at 6% per annum simple interest.
a) 4⁄5 Years b) 18⁄25 Years
c) 25⁄18 Years d) None of these
18. A man borrowed Rs. 5000 from a bank at 12% rate of interest per annum. Find the amount he must pay after 3 1⁄2 years.
a) Rs. 7100 b) Rs. 7101
c) Rs. 7010 d) Rs. 9010
19. What sum will amount to Rs. 6526 at 15% per annum simple interest in 2 years?
a) Rs. 5200 b) Rs. 5002
c) Rs. 5020 d) Rs. 6020
20. In what time will a sum of Rs. 1000 amount to Rs. 1200 at 8% per annum simple interest?
a) 22 months b) 30 months
c) 24 months d) 32 months
If you want to download the above worksheet, please click below link.
Simple Interest Worksheet-2Download the pdf
Answer Sheet
Simple-Interest-AnswerDownload the pdf
Copyright © 2023 LetsPlayMaths.com. All Rights Reserved.
Email: feedback@letsplaymaths.com