Page 54 - Concepts of Reasoning-8

Worksheet-10.2

Miscellaneous

1. Shashidhar wants to invest `10,000 in a bank. The bank offered him 10% interest for 2 years. Read
the following statements and state whether they are true or false :
a. SI = 2,000

b. Amount along with the simple interest is 12000.
c. CI = `12,100 (interest compounded yearly)

2. Match the following : R 2n
a. Simple interest i. P 1 + 200 – 1

R 4n
b. Compound interest (compounded half yearly) ii. P 1 + – 1
400
c. Compound interest (compounded quarterly) iii. P 1 – R n
100
PTR
d. Depreciated value or decreased value iv.
100

3. Calculate the interest for the following and state the difference between SI and CI (interest
compounded quarterly).

P = `100, T = 3 years, R = 10%

a. Simple interest = ____________________
b. Compound interest (compounded yearly) = ____________________
c. Compound interest (compounded half yearly) = ____________________

d. Compound interest (compounded quarterly) = ____________________

4. Calculate the interest and amount for the following :
a. `6, 000 at 8% for 7 years.
_______________________________________________________________________________
b. `10,000 at 9% for 2 years (interest compounded yearly)

_______________________________________________________________________________
5. Radhika obtained a loan of`25,000 from the bank to renovate her house. If the rate of interest is 8%
per annum compounded annually, how much interest does she need to pay to the bank after 2 years
to discharge her debt?
_______________________________________________________________________________

6. The population of the city was 150,000 during 2014. Find the total population after 2 years if the
increase in the rate of population is 12% p.a.
_______________________________________________________________________________

54 Reasoning - 8