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Class IXth

The document outlines a series of financial problems related to interest calculations, including scenarios involving savings, investments, loans, and the comparison of simple and compound interest. It presents specific amounts, interest rates, and time periods for each problem, requiring the calculation of total amounts, interest earned, and rates of interest. The problems are designed for a Class IXth level and aim to enhance understanding of financial mathematics.

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2 views1 page

Class IXth

The document outlines a series of financial problems related to interest calculations, including scenarios involving savings, investments, loans, and the comparison of simple and compound interest. It presents specific amounts, interest rates, and time periods for each problem, requiring the calculation of total amounts, interest earned, and rates of interest. The problems are designed for a Class IXth level and aim to enhance understanding of financial mathematics.

Uploaded by

ayushpratap4704
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

A.S.

P Classes
Class :- IXth
Time : - 45 min
Max marks : - 30

1) Neha has recently started saving money for her higher education. She decides to
deposit ₹49,000 in a bank that offers a yearly return at the rate of 6% per annum.
She plans to keep the money in the bank for 2 years without withdrawing it, so that
she can use the accumulated amount later for her college [Link] the total
amount she will receive at the end of 2 years.s
2) Rohit invests ₹20,000 in two different banks for 2 years at 10% per year. In one
bank, interest is calculated using simple interest, while in the other, it is calculated
using compound interest and added at the end of each year. Find the total amount
he receives from both banks after 2 years and determine which bank gives him more
money and by how much.
3) A person takes a loan of ₹50,000 and after 2 years he pays ₹60,500 when compound
interest is applied yearly. Find the rate of interest and also calculate how much he
would have paid if the interest had been calculated using simple interest.
4) A sum of money becomes ₹12,100 in 2 years and ₹13,310 in 3 years when compound
interest is added at the end of each year. Find the original sum, the rate of interest,
and the total interest earned in 3 years.
5) A shopkeeper invests ₹10,000 for 2 years. The difference between compound interest
and simple interest at the same rate is ₹100. Find the rate of interest and calculate
the final amount in both cases.

6) A student deposits a certain sum in a bank at 10% per year where compound
interest is applied yearly. After 2 years, the amount becomes ₹4,840. Find the
original sum and also calculate the interest that would have been earned using
simple interest.

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