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Grade 8
Simple and Compound Interest
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Choose correct answer(s) from the given choices

(1) Ansel invested Rp400 in mutual funds. He is being offered 14% interest per annum compounded
half yearly. If Ansel takes out all his money from the funds at the end of 6 months. Find the amount
of interest received by him.
a. Rp28 b. Rp38
c. Rp63 d. Rp25.2

(2) If a person lent Rp70000 for 2 years and he charged an interest rate of 14% and 16%
compounded annually for the first and second year respectively, then what is the amount of interest
received by him at the end of 2 years?
a. Rp22614 b. Rp22568
c. Rp22555 d. Rp22668

(3) If a person lent Rp8640 at 14% simple interest per annum for 7 years, then what is the amount
received by him at the end of 7 years?
a. Rp17137.2 b. Rp17097.2
c. Rp17107.2 d. Rp17127.2

(4) If a person lent Rp90000 at compound interest and received Rp114921 at the end of 2 years,
then what is the rate of interest charged by him?
a. 11% b. 15%
c. 19% d. 13%

Fill in the blanks

(5) Rifqi bought a house at Rp900000. If its value appreciates at the rate of 10% per annum, the

value of house after 3 years is Rp .

(6) Gita borrowed Rp600 from a bank at the interest rate of 10% per annum compounded annually.

The amount payable to bank after 2 years is Rp .

(7) Rudi lent a certain amount of money at simple interest of 10% per annum and received a total

amount of Rp45000 after 5 years. The amount of money lent by him is Rp .

(8) It will take years for an amount to become triple of itself at 20% per annum simple interest.

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(9) The simple interest on Rp16000 in 9 years at 6% per annum will be same as simple interest on

Rp43200 at % per annum in 5 years.

Answer the questions

(10) Nisa borrowed Rp1953125 from David for 3 years. Find the amount of interest she will pay to
4
David at the end of 3 years if David charged 4 % interest per annum compounded annually.
5

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