SI, CI calculations and applications.
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Q1 · Simple and Compound Interest · EASY
A man borrows Rs 8000 at 5% simple interest per annum. How much interest will he pay after 3 years?
Q2 · Simple and Compound Interest · MEDIUM
A sum of money becomes Rs 6600 in 2 years and Rs 7200 in 3 years at simple interest. What is the principal amount?
Q3 · Simple and Compound Interest · MEDIUM
Find the compound interest on Rs 10000 for 2 years at 10% per annum, compounded annually.
Q4 · Simple and Compound Interest · HARD
The difference between compound interest and simple interest on a sum for 2 years at 8% per annum is Rs 64. What is the sum?
Q5 · Simple and Compound Interest · HARD
A sum of money doubles itself in 8 years at simple interest. In how many years will it become 5 times itself at the same rate of interest?