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2 questions · self-marked practice — reveal the answer and mark yourself.

Question 15 Marks
Fill in the blanks in the table.

Principal
Rate of interest (p.c.p.a.)TimeInterestAmount
i.Rs 42007%3 years
ii. 6%4 yearsRs 1200
iii.Rs 80005% Rs 800
iv. 5% Rs 6000Rs 18000
v. 2.5%5 yearsRs 2400
Answer
\begin{aligned}
& \text { i. Total interest }=\frac{P \times R \times T}{100} \\
& =\frac{4200 \times 7 \times 3}{100} \\
& =\text { Rs } 882 \\
& \text { Amount = Principal + interest } \\
& =4200+882 \\
& =\text { Rs } 5082
\end{aligned}\begin{aligned}
& \text { ii. Total interest }=\frac{P \times R \times T}{100} \\
& \therefore 1200=\frac{ P \times 6 \times 4}{100} \\
& \therefore \frac{1200 \times 100}{6 \times 4}= P \\
& \therefore P =\text { Rs } 5000 \\
& \text { Amount }=\text { Principal + interest } \\
& =5000+1200 \\
& =\text { Rs } 6200
\end{aligned}\begin{aligned}
& \text { iii. Total interest }=\frac{P \times R \times T}{100} \\
& \therefore 800=\frac{8000 \times 5 \times T}{100} \\
& \therefore \frac{800 \times 100}{8000 \times 5}=T \\
& \therefore T =2 \text { years } \\
& \text { Amount }=\text { Principal }+ \text { interest } \\
& =8000+800 \\
& =\text { Rs } 8800
\end{aligned}\begin{aligned}
& \text { iv. Amount = Principal + interest } \\
& \therefore 18000=\text { Principal }+6000 \\
& \therefore \text { Principal }=\text { Rs } 12000 \\
& \text { Total interest }=\frac{P \times R \times T}{100} \\
& \therefore 6000=\frac{12000 \times 5 \times T }{100} \\
& \therefore \frac{6000 \times 100}{12000 \times 5}= T \\
& \therefore T =10 \text { years }
\end{aligned}\begin{aligned}
& \text { v. } R=2 \frac{1}{2} \%=2.5 \% \\
& \therefore \text { Total interest }=\frac{P \times R \times T}{100} \\
& \therefore 2400=\frac{P \times 2.5 \times 5}{100} \\
& \therefore 2400=\frac{P \times 25 \times 5}{100 \times 10} \\
& \therefore \frac{2400 \times 10 \times 100}{25 \times 5}=P \\
& \therefore P=\text { Rs } 19200 \\
& \text { Amount }=\text { Principal + interest } \\
& =19200+2400 \\
& =\text { Rs } 21600
\end{aligned}

Principal
Rate of interest (p.c.p.a.)TimeInterestAmount
i.Rs 42007%3 yearsRs 882Rs 5082
ii.Rs 50006%4 yearsRs 1200Rs 6200
iii.Rs 80005%2 yearsRs 800Rs 8800
iv.Rs 120005%10 yearsRs 6000Rs 18000
v.Rs 192002.5%5 yearsRs 2400Rs 21600
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Question 25 Marks
Suvidya borrowed a sum of Rs 30000 at 8 p.c.p.a. interest for a year from her bank to buy a computer. At the end of the period, she had to pay back an amount of Rs 2400 over and above what she had borrowed.
Based on this information fill in the blanks below.
  1. Principal = Rs__
  2. Rate of interest =__%
  3. Interest = Rs__
  4. Time =__year.
  5. The total amount returned to the bank = 30,000 + 2,400 = Rs__
Answer
  1. 30000
  2. 8
  3. 2400
  4. 1
  5. Rs 32400
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