EDUCATION SPRINT
CLASS- VIII Total Marks : 30
Time : 40 Minute
S.I. & C.I
Section B
* Answer the following questions. [3 Marks Each] [30]
1. Find the interest and the amount on:
₹ 750 in 3 years 4 months at 10% per annum.
Ans. : Given P = ₹750
4 1
Time (T ) = 3 = 3
12 3
10
= years
3
Rate (R) = 10%
10
750×10×
P RT 3
∴ Interest (I ) = =
100 100
250×10×10
=
100
= ₹250
∴ Amount (A) = P + I
= ₹750 + ₹250
= ₹1000
2. Find the interest and the amount on:
₹ 2,600 in 2 years 3 months at 1% per month.
Ans. : Here P = 2600 ₹
Time (T ) = 2 Years 3 months = 27 months
Rate (R) = 1% per month
P ×T×R 2600 × 27 × 1
∴ Interest = =
100 100
= 26 × 27 = Rs. 702
∴ Amount = Rs. (2600 + 702) = Rs. 3302
Find the interest and the amount on: in years at 2 paise per rupee per
1
3. ₹ 4, 000 1
3
month.
Ans. : Here Rs. 4,000 , Time years
1
P = (T ) = 1
3
12
= 1 years + months = 16 months
3
Rate (R) = 2 paise per rupee per month = 2% per month
P ×T×R 4, 000 × 2 × 16
∴ Interest (I) = =
100 100
= 40 × 32
= Rs. 1280
∴ Amount (A) = P + 1
Page 1
= Rs. 4000 + Rs. 1280
= Rs. 5280
4. Rohit borrowed Rs. 24,000 at 7.5 percent per year. How much money will he pay
at the end of the 4th years to clear his debt?
Ans. : Principal (P ) = Rs. 24,000
Rate (R) = 7.5% P.A.
Time (T ) = 4 years
P ×T×R
S.I. =
100
24, 000 × 4 × 7.5
= Rs.
100
= Rs. 240 × 4 × 7.5
= 240 × 30
= Rs. 7200
Amount needed to clear the debt at the end of 4th year
= Rs. 24000 + Rs. 7200 = Rs. 3, 1200
5. The interest on a certain sum of money is Rs. 1,480 in 2 years and at 10 percent
per year. Find the sum of money.
Ans. : Let P = Rs. x
Time (T ) = 2 years
Rate (R) = 10%
Interest
P×T×R x×10×2 x
∴ = = =
100 100 5
Rs. 1480
x
5
= ...(Given)
∴ x = 1480 × 5 = Rs. 7400
Hence the money Rs. 7400.
At what rate, percent per year will a sum double itself in years?
1
6. 6
4
Ans. : Let P = Rs. 100
∴ Amount = 2× Rs. 100 = Rs. 200
Interest = A − P
= Rs. 200 - Rs. 100
= Rs. 100
T = 6
1
4
years =
25
4
years
100×I 100×100 100×100 4
R = = 25
% = ×
P ×T 100 25
100×
4
= 16%
7. Find the time in which Rs.1200 will amount to Rs.1536 at 3.5% per year.
Page 2
A = Rs.1536
P = Rs. 1200
Ans. : I = A −P We know that:
= Rs. 1536 - Rs. 1200
= Rs. 336
100 × I
T =
P ×R
100 × 336 100 × 336 × 10 1 10
= = … . . . [∵ = ]
1200 × 3.5 1200 × 35 3.5 35
28 × 10
= = 8 years
35
The simple interest on a certain sum of money is of the sum in years. Find
3 1
8. 8
6
4
the rate percent charged.
Ans. : Let P = Rs. 8
3
S.I. = Rs. ×8
8
= Rs. 3
1 25
T = 6 years = years
4 4
We know that:
100 × I
R =
P ×T
100 × 3 100 × 3 4
= = × = 2 ×3
25
8 × 8 25
4
= 6%
9. The interest on a certain sum of money is 0.24 times itself in 3 years. Find the
rate of interest.
Ans. : Let the sum borrowed = Rs. 100
Time = 3 years
Let rate of interest = r%
Interest
100×3×r P×R×T
∴ = … [∵ S. I = ]
100 100
= 3r = (0.24)(100) = 24 … … . . ( Given )
24
⇒ r = = 8
3
Hence reqd. rate of interest = 8%
10. A sum of money, lent out at simple interest, doubles itself in 8 years. Find :
(i) the rate of interest
(ii) in how many years will the sum become triple (three times) of itself at the
same rate percent?
Page 3
Ans. : Let P = Rs. 100, A = Rs.200
I = Rs. 200 − Rs. 100 = Rs. 100, T = 8 years
100 × I 100 × 100
R = =
P ×T 100 × 8
100 25
= = %
8 2
Now again P = Rs. 100
A = Rs. 300
I = Rs. 300 − Rs. 100 = Rs. 200
25
R = %
2
100 × I 100 × 200 100 × 200 × 2
T = = =
25
P ×R 100 × 100 × 25
2
= 16 Years
So the given sum of money will become triple in 16 years.
----- -----
Page 4
