VEDIC MATHEMATICS

Simple Interest

1. At the rate of 12% per year simple interest, a sum of Rs.6800 will earn
how much interest by the end of 4 years?
a) Rs.3500
b) Rs.3264
c) RS.3624
d) Rs.3462

2. Calculate the simple interest on Rs.5600 at 8% p.a. for 6 months.

a) Rs.250
b) Rs.232
c) Rs.224
d) Rs.242

3. Find the interest to be paid at the end of one year on Rs.3250 at 6% per
annum.
a) Rs.195
b) Rs.159
c) Ra.190
d) Rs.100

4. Rahul deposits Rs.6500 in Andhra bank for 3 year which earn him an
interest of 5%.What is the amount he gets after 3 years?
a) Rs.7745
b) Rs.7475
c) Rs.7574
d) None of these

5. Find the interest on Rs.4500 at 3 1/2 % per annum for 2 years ?

a) Rs.300
b) Rs.321
c) Rs.315
d) Rs.351

Date: Remarks:…………
 VEDIC MATHEMATICS

Simple Interest

6. Find the interest on Rs.6200 at 3 % per annum for 3 years ?

a) Rs.500
b) Rs.560
c) Rs.585
d) Rs.558

7. Dinesh takes a loan of Rs.5,60,000 to buy a Car at the rate of 8 % simple

Interest. Calculate the annual interest to be paid for the loan amount.
a) Rs.40,000
b) Rs.44,800
c) Rs.45000
d) Rs.43,800

8. Find the interest to be paid at the end of one year on Rs.1450 at 7.5%
pa

a) Rs.100
b) Rs.105
c) Rs.107.8
d) Rs.108.8

9. Find the simple interest of RS.4240 at 4.2% p.a for 6 months ?

a) RS.89.04
b) Rs.80.94
c) Rs.98.04
d) Rs.85.40

10. Find Principal when Time = 6 years, Interest = Rs.900; Rate = 6% p.a.

a) Rs.2005
b) Rs.2500
c) Rs.3500
d) RS.2050

Date: Remarks:…………
 VEDIC MATHEMATICS

Simple Interest
11. Asha deposited Rs.25000 for 5 year at a rate of 8% per annum. Find
the interest and amount Asha got.
a) S.I = Rs.11,000 Amount = Rs.30000
b) S.I = Rs.12,000 Amount = RS.30500
c) S.I = Rs.10,000 Amount = Rs.35,000
d) S.I = Rs.10,200 Amount = Rs.32,000

12. At what rate per cent per annum will Rs.3300 produce Rs.660 as S.I. in
1 years?
a) 12%
b) 20%
c) 10%
d) 15%

13. Find at what rate of interest per annum will RS.550 amount to Rs.1050
in 10 years.
a) 12%
b) 9.09%
c) 11%
d) 15%

14. Annie invested Rs.12,000 in a savings bank account that earned 3%

simple interest. Find the interest earned if the amount was kept in the bank
for 5 years.
a) RS.1500
b) Rs.1008
c) Rs.1080
d) Rs.1800

15. Isha invested a certain amount of money and got back an amount of
Rs.8800. If the bank paid an interest of Rs.1000, find the amount Isha
invested.
a) Rs.7800
b) Rs.8700
c) RS.7500
d) Rs.7080

Date: Remarks:…………
 VEDIC MATHEMATICS

Simple Interest

16. 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.

17. Ariel 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.

18. 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.

19. A sum of 12,500 amounts to 15,500 in 4 years at the rate of simple

interest. What is the rate of interest?
A. 3%
B. 4%
C. 6%
D. None of these

20. A man took loan from a bank at the rate of 12% p.a. simple interest.
After 3 years he had to pay Dollar 5400 interest only for the period. The
principal amount borrowed by him was:
A. Dollar 2000
B. Dollar 10,000
C. Dollar 15,000
D. Dollar 20,000

Date: Remarks:…………