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Exam (elaborations)

Daily practice problem on SIMPLE AND COMPOUND INTEREST

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This document contains a comprehensive Practice Set on Simple Interest and Compound Interest, specially designed for school students and competitive exam aspirants. It focuses on improving calculation speed, conceptual clarity, and exam confidence. The practice set includes: Basic to advanced level questions on Simple Interest (SI) Compound Interest (CI) problems with annual, half-yearly, and quarterly compounding Difference between SI and CI questions Word problems based on real-life financial situations Multiple Choice Questions (MCQs) Short answer and long answer type questions Mixed practice set for revision

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DAILY PRACTICE PROBLEMS
CLASS : 8
SUBJECT : MATHEMATICS
CHAPTER :SIMPLE AND COMPOUND INTEREST

Contents
1 MULTIPLE CHOICE QUESTIONS (1-14): 1

2 VERY SHORT TYPE QUESTIONS (15-16): 3

3 SHORT TYPE QUESTIONS (17-21): 3

4 LONG TYPE QUESTIONS (22-25): 3


1 MULTIPLE CHOICE QUESTIONS (1-14):
1
1. Find the simple interest and the amount of |3675 at 8 % from 10th December 2011 to 4th
3
May 2012.
(A) SI: |122.50, Amount: |3797.50 (B) SI: |150.50, Amount: |3825.50
(C) SI: |145.50, Amount: |3820 (D) SI: |148, Amount: |3823
2. What sum of money will yield |170.10 as simple interest in 2 years 3 months at 6% per
annum?
(A) |1300 (B) |1260 (C) |1275 (D) |1250

3. Find the rate of interest when |800 fetches |130 as simple interest in 2 years 6 months.
(A) 8.5% (B) 6.5% (C) 12% (D) 11%

4. Find the time when simple interest on |3.3 lakhs at 6.5% per annum is |75,075.
(A) 3 years (B) 3.5 years (C) 4 years (D) 4.5 years

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