Learn Maths Simple Interest, Class 5 Maths Simple Interest Exercise, Free Online Simple Interest Lessons

Class 5 Maths Study Material

An Educational platform for Preparation and Practice Class 5. Kidsfront provide unique pattern of learning Maths with free online comprehensive study material in the form of QUESTION & ANSWER for each Chapter of Maths for Class 5. This study material help Class 5, Maths students in learning every aspect of Simple Interest. Students can understand Simple Interest concept easily and consolidate their learning by doing Online Practice Tests on Maths,Simple Interest chapter repeatedly till they excel in Class 5, Simple Interest. Free ONLINE PRACTICE TESTS on Class 5, Simple Interest comprise of Hundreds of Questions on Simple Interest, prepared by the highly professionals team. Every repeat test of Simple Interest will have new set of questions and help students to prepare themselves for exams by doing unlimited Online Test exercise on Simple Interest. Attempt ONLINE TEST on Class 5,Maths,Simple Interest in Academics section after completing this Simple Interest Question Answer Exercise.

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Simple Interest

Tom deposits Rs.12000 and got back an amount of Rs.15800 after a year. Find the simple interest he got.

a) Rs.4000
b) Rs.3008
c) Rs.3,800
d) Rs.3080

✔Answer

✔Solution

Correct Answer Is : Rs.3,800

Solution Is : Simple interest = Amount - principal = Rs.15,800 - Rs.12000 = Rs.3,800 He got an interest of Rs.3,800

Find the simple interest of RS.4240 at 4.2% p.a for 6 months ?

a) RS.89.04
b) Rs.80.94
c) Rs.98.04
d) Rs.85.40

✔Answer

✔Solution

Correct Answer Is : RS.89.04

Solution Is : Simple interest = PXRXT/100 = 4240X4.2X6/12X100 = Rs.89.04

John invested Rs.5400 for at the rate of 4% p.a. for 5 years and 2 months. Find the amount he got back.

a) Rs.6156
b) Rs.6615
c) RS.6516
d) Rs.6561

✔Answer

✔Solution

Correct Answer Is : RS.6516

Solution Is : Principal = Rs.5400 , Rate = 4% , time = 5 2/12 years = 31/6 years S. I = 5400 x 4 x 31/ 6 x 100 = Rs.1116 Amount = Rs.5400 + Rs.1116 = Rs.6516 John got back amount Rs.6516

Find Principal when Time = 6 years, Interest = Rs.900; Rate = 6% p.a.

a) Rs.2005
b) Rs.2500
c) Rs.3500
d) RS.2050

✔Answer

✔Solution

Correct Answer Is : Rs.2500

Solution Is : Principal = 100 x S.I / t x r = 100 x 900 / 6 x 6 = Rs.2500 Therefore, principal = Rs. 2500

Asha deposited Rs.25000 for 5 year at a rate of 8% per annum. Find the interest and amount Asha got.

a) S.I = Rs.11,000 Amount = Rs.30000
b) S.I = Rs.12,000 Amount = RS.30500
c) S.I = Rs.10,000 Amount = Rs.35,000
d) S.I = Rs.10,200 Amount = Rs.32,000

✔Answer

✔Solution

Correct Answer Is : S.I = Rs.10,000 Amount = Rs.35,000

Solution Is : Principal = Rs.25000 time = 5 year , rate = 8% Simple interest = p x r x t /100 = 25000 x 8x5/100 = Rs.10000 Amount = principal + Interest = Rs.35000

At what rate per cent per annum will Rs.3300 produce Rs.660 as S.I. in 1 years?

a) 12%
b) 20%
c) 10%
d) 15%

✔Answer

✔Solution

Correct Answer Is : 20%

Solution Is : Rate = 100 x S.I / P x T = 100 x 660 /3300 x1 = 20%

At what rate per cent per annum will a sum Double itself in 10 years ?

a) 10%
b) 15%
c) 20%
d) 12%

✔Answer

✔Solution

Correct Answer Is : 10%

Solution Is : Let principal be = Rs.x , then A = RS.2x S.I = Rs.2x - Rs.x =Rs.x Rate = 100 x S.I / P XT = 100 * X / X * 10 = 10%

Find at what rate of interest per annum will RS.550 amount to Rs.1050 in 10 years.

a) 12%
b) 9.09%
c) 11%
d) 15%

✔Answer

✔Solution

Correct Answer Is : 12%

Solution Is : Principal =RS.550 , Amount = RS.1050 Therefore S.I = Amount - Principal = Rs.1050 - RS.550 = RS.500 Rate = 100 x S.I /PXT = 100 X 500 / 550 x10 = 9.09%

Annie invested Rs.12,000 in a savings bank account that earned 3% simple interest. Find the interest earned if the amount was kept in the bank for 5 years.

a) RS.1500
b) Rs.1008
c) Rs.1080
d) Rs.1800

✔Answer

✔Solution

Correct Answer Is : Rs.1800

Solution Is : Principal = Rs.12,000 , Rate = 3% and time = 5 years S.I = PXRXT/100 = 12000 x 3 x 5/100 = Rs.1800 Therefore interest earned after five years will be Rs.1800

Isha invested a certain amount of money and got back an amount of Rs.8800. If the bank paid an interest of Rs.1000, find the amount Isha invested.

a) Rs.7800
b) Rs.8700
c) RS.7500
d) Rs.7080

✔Answer

✔Solution

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Class 5 Maths Study Material

Simple Interest

Tom deposits Rs.12000 and got back an amount of Rs.15800 after a year. Find the simple interest he got.

Correct Answer Is : Rs.3,800

Solution Is : Simple interest = Amount - principal = Rs.15,800 - Rs.12000 = Rs.3,800 He got an interest of Rs.3,800

Find the simple interest of RS.4240 at 4.2% p.a for 6 months ?

Correct Answer Is : RS.89.04

Solution Is : Simple interest = PXRXT/100 = 4240X4.2X6/12X100 = Rs.89.04

John invested Rs.5400 for at the rate of 4% p.a. for 5 years and 2 months. Find the amount he got back.

Correct Answer Is : RS.6516

Solution Is : Principal = Rs.5400 , Rate = 4% , time = 5 2/12 years = 31/6 years S. I = 5400 x 4 x 31/ 6 x 100 = Rs.1116 Amount = Rs.5400 + Rs.1116 = Rs.6516 John got back amount Rs.6516

Find Principal when Time = 6 years, Interest = Rs.900; Rate = 6% p.a.

Correct Answer Is : Rs.2500

Solution Is : Principal = 100 x S.I / t x r = 100 x 900 / 6 x 6 = Rs.2500 Therefore, principal = Rs. 2500

Asha deposited Rs.25000 for 5 year at a rate of 8% per annum. Find the interest and amount Asha got.

Correct Answer Is : S.I = Rs.10,000 Amount = Rs.35,000

Solution Is : Principal = Rs.25000 time = 5 year , rate = 8% Simple interest = p x r x t /100 = 25000 x 8x5/100 = Rs.10000 Amount = principal + Interest = Rs.35000

At what rate per cent per annum will Rs.3300 produce Rs.660 as S.I. in 1 years?

Correct Answer Is : 20%

Solution Is : Rate = 100 x S.I / P x T = 100 x 660 /3300 x1 = 20%

At what rate per cent per annum will a sum Double itself in 10 years ?

Correct Answer Is : 10%

Solution Is : Let principal be = Rs.x , then A = RS.2x S.I = Rs.2x - Rs.x =Rs.x Rate = 100 x S.I / P XT = 100 * X / X * 10 = 10%

Find at what rate of interest per annum will RS.550 amount to Rs.1050 in 10 years.

Correct Answer Is : 12%

Solution Is : Principal =RS.550 , Amount = RS.1050 Therefore S.I = Amount - Principal = Rs.1050 - RS.550 = RS.500 Rate = 100 x S.I /PXT = 100 X 500 / 550 x10 = 9.09%

Annie invested Rs.12,000 in a savings bank account that earned 3% simple interest. Find the interest earned if the amount was kept in the bank for 5 years.

Correct Answer Is : Rs.1800

Solution Is : Principal = Rs.12,000 , Rate = 3% and time = 5 years S.I = PXRXT/100 = 12000 x 3 x 5/100 = Rs.1800 Therefore interest earned after five years will be Rs.1800

Isha invested a certain amount of money and got back an amount of Rs.8800. If the bank paid an interest of Rs.1000, find the amount Isha invested.

Correct Answer Is : Rs.7800

Solution Is : Amount = Rs.8800 Interest = Rs.1000 Therefore , principal = Amount -Interest = Rs.8800 - Rs.1000 = Rs.7800 So isha invested Rs.7800.

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