Interest Calculation

Time Value of Money

Equated Instalments
Exercise 23: Interest Calculation: Simple Interest & Compound Interest

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1 Somesh Monga deposits Rs. 40,000 for 65 days at 5.25 % per annum simple
interest. Calculate the interest earned on the day of maturity.
2 Sneha deposits Rs. 49,000 for 55 days at 4.5% per annum simple interest.
Calculate the interest earned on the day of maturity.
3 Shilpa deposits Rs. 68,000 for 91 days at 5.5% per annum simple interest.
Calculate the interest earned on the day of maturity.
4 Sathya deposits Rs. 35,000 for 142 days at 5.8% per annum simple interest.
Calculate the interest earned on the day of maturity.
5 Anushma deposits Rs. 49,000 for 60 days at 6% per annum simple interest.
Calculate the maturity value.
6 Arun Kumar deposits Rs. 61,000 for 50 days at 5% per annum simple interest.
Calculate the maturity value.
7 Bhawna Sharma deposits Rs. 20,000 for 65 days at 4.5% per annum simple
interest. Calculate the maturity value.
8 Aastha deposits Rs. 47,000 for some days at 7% per annum SI and earns a total
sum of Rs. 47,469. Calculate the number of days for which this amount was
deposited with us.

9 Kumar deposits Rs. 72,000 for some days at 6% per annum SI and earns a total
sum of Rs. 73,817. Calculate the number of days for which this amount was
deposited with us.

10 Abhishek deposits Rs. 56,000 for some days at 5% per annum SI and earns a
total sum of Rs. 58,491. Calculate the number of days for which this amount
was deposited with us.

11 Anup deposits Rs. 91,000 for some days at 8% per annum SI and earns a total
sum of Rs. 94,598. Calculate the number of days for which this amount was
deposited with us.

12 Neha Kohli deposits Rs. 83,000 for 54 days and earns a total sum of Rs. 83,982.
Calculate the simple rate of interest earned per annum.
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13 Nethaji C deposits Rs. 96,000 for 13 days and earns a total sum of Rs. 96,171.
Calculate the simple rate of interest earned per annum.

14 Nitish Goyal deposits Rs. 193,000 for 110 days and earns a total sum of Rs.
194,102. Calculate the simple rate of interest earned per annum.

15 Manjari Bala deposits certain amount for 55 days at 6% SI and earns a total
sum of Rs. 93,841. Calculate the initial deposit.

16 Manoj Kumar deposits certain amount for 82 days at 4% SI and earns a total
sum of Rs. 41,368. Calculate the initial deposit.

17 Ramita Ramraya Nayak invests Rs. 44,000 in FD for 2 years at 3% per annum
compounded quarterly. Calculate the maturity value of the FD.

18 Rakesh Kumar Reddy Gondi invests Rs. 56,000 in FD for 4 years at 10.5% per
annum compounded quarterly. Calculate the maturity value of the FD.

19 Rajendran Kavitha invests Rs. 34,000 in FD for 3 years at 9.5% per annum
compounded quarterly. Calculate the maturity value of the FD.

20 Vikram Chander Gorrepati deposits Rs. 47,000 for 4 years at 6.25% per
annum compounded semi-annually. Calculate the maturity value.

21 Pesar Kishore deposits Rs. 90,000 for 3 years at 5% per annum compounded
half yearly. Calculate the maturity value.

22 Neha Hemant Choudhari deposits Rs. 94,000 for 3 years at 4.25% per annum
compounded semi-annually. Calculate the maturity value.

23 Kottu Ramalakshmi deposits Rs. 28,000 for 70 days at 5.5% simple interest.
Calculate interest earned on the day of redemption.

24 Karthik Udayakumar deposits Rs. 25,000 for 35 days at 2% simple interest.

Calculate the interest earned on the day of maturity.

25 Karthik Krishnappa deposits Rs. 87,000 for 85 days at 6% simple interest.

Calculate interest earned on the day of redemption.