SIMPLE & COMPOUND INTEREST TEST 1

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  1. Let us write the number of years for which a principle becomes twice of its amount having the rate of simple interest of 25/4% per annum.

 

  1. What is the rate of simple interest per annum, when the interest of some money in 4 years will be 8/25  part of its principal – let us determine it.


 

  1. What s the rate of simple interest per annum, when the interest on some money in 10 years will be 25 part of its amount (principal along with interest) – Let us determine it.

 

  1. Let us determine the money for which monthly interest is Rs. 1 having the rate of simple interest of 5% per annum.


 

  1. If the rate of compound interest for the first and second year are 5% and 6% respectively, let us calculate the compound on Rs. 5000 for 2 year.

 

  1. Let us write by calculating what sum of money will amount to Rs. 3528 after 2 years at the rate of 5% compound interest per annum.

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