Page 123 - New Medley 5 Semester 2

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4. P = `12000, R = 6 %, T = 6 years
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5. P = `65000, R = 9%, T = 2 years
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6. P = `100000, R = 11%, T = 4 years
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B. Solve the following sums.

1. Mr. Kumar invested `4000 in a saving scheme for 4 years at the rate
of 10% interest per annum. What interest will he get after the given
period of time?

2. On a deposit of `20000, Disha received `20800 at the end of 1 year.
What interest does she get after 1 year? What interest will she get
after 5 years for the same deposit?

3. What amount of money will Suman get after 8 years if she deposits
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`100000 at 7 % per annum interest rate?
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4. Meena borrowed a sum of `50000 at the rate of 12% per annum from

a private finance company. How much money will she pay after 3 years
to clear the loan?

5. Find the simple interest and amount on `75000 for 3 years at the rate
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of 6 % per annum.
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6. Who gets more interest—Lata who invests `8000 for 2 years at 8 %
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interest rate or Mala who invests `6000 for 3 years at 7 % interest
rate? 2

7. Rajan borrowed `5000000 at the rate of 8% interest per annum for

3 years. He purchased a plot using this money in a city. After 3 years,
he sold the plot to pay the loan he borrowed. After the settlement of
a loan, he was left a sum of `1000000.

(a) Find the interest and the amount he paid to the bank.

(b) At what amount did he sell the plot?

(c) How much profit did he earn from the plot?

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