Scroll:Life mathematics >> profit and loss >> saq (4290)

Written Instructions:

For each Multiple Choice Question (MCQ), four options are given. One of them is the correct answer. Make your choice (1,2,3 or 4). Write your answers in the brackets provided..

For each Short Answer Question(SAQ) and Long Answer Question(LAQ), write your answers in the blanks provided.

Leave your answers in the simplest form or correct to two decimal places.


 

1)  

 Find the difference between simple interest and compound interest on 15393 at 2 years at 2% per annum compounded annually


Answer:_______________




2)  

 Find the difference between simple interest and compound interest on 12349 at 2 years at 4% per annum compounded annually


Answer:_______________




3)  

 Find the difference between simple interest and compound interest on 14630 at 2 years at 4% per annum compounded annually


Answer:_______________




4)  

 Find the difference between simple interest and compound interest on 18213 at 2 years at 5% per annum compounded annually


Answer:_______________




5)  

 Find the difference between simple interest and compound interest on 19174 at 2 years at 5% per annum compounded annually


Answer:_______________




6)  

 Find the difference between simple interest and compound interest on 15876 at 2 years at 2% per annum compounded annually


Answer:_______________




7)  

 Find the difference between simple interest and compound interest on 18741 at 2 years at 2% per annum compounded annually


Answer:_______________




8)  

 Find the difference between simple interest and compound interest on 17872 at 2 years at 2% per annum compounded annually


Answer:_______________




9)  

 Find the difference between simple interest and compound interest on 18126 at 2 years at 3% per annum compounded annually


Answer:_______________




10)  

 Find the difference between simple interest and compound interest on 11501 at 2 years at 5% per annum compounded annually


Answer:_______________




 

1)  

 Find the difference between simple interest and compound interest on 15393 at 2 years at 2% per annum compounded annually

Answer: 6


SOLUTION 1 :

Given:

P      =   15393

n       = 2 years

r        = 2%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 15393(2÷100)2

                                                                    = 15393(0.02)2

                                                                    = 15393 x 0.0004

                                                                    = 6



2)  

 Find the difference between simple interest and compound interest on 12349 at 2 years at 4% per annum compounded annually

Answer: 20


SOLUTION 1 :

Given:

P      =   12349

n       = 2 years

r        = 4%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 12349(4÷100)2

                                                                    = 12349(0.04)2

                                                                    = 12349 x 0.0016

                                                                    = 20



3)  

 Find the difference between simple interest and compound interest on 14630 at 2 years at 4% per annum compounded annually

Answer: 23


SOLUTION 1 :

Given:

P      =   14630

n       = 2 years

r        = 4%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 14630(4÷100)2

                                                                    = 14630(0.04)2

                                                                    = 14630 x 0.0016

                                                                    = 23



4)  

 Find the difference between simple interest and compound interest on 18213 at 2 years at 5% per annum compounded annually

Answer: 46


SOLUTION 1 :

Given:

P      =   18213

n       = 2 years

r        = 5%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 18213(5÷100)2

                                                                    = 18213(0.05)2

                                                                    = 18213 x 0.0025

                                                                    = 46



5)  

 Find the difference between simple interest and compound interest on 19174 at 2 years at 5% per annum compounded annually

Answer: 48


SOLUTION 1 :

Given:

P      =   19174

n       = 2 years

r        = 5%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 19174(5÷100)2

                                                                    = 19174(0.05)2

                                                                    = 19174 x 0.0025

                                                                    = 48



6)  

 Find the difference between simple interest and compound interest on 15876 at 2 years at 2% per annum compounded annually

Answer: 6


SOLUTION 1 :

Given:

P      =   15876

n       = 2 years

r        = 2%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 15876(2÷100)2

                                                                    = 15876(0.02)2

                                                                    = 15876 x 0.0004

                                                                    = 6



7)  

 Find the difference between simple interest and compound interest on 18741 at 2 years at 2% per annum compounded annually

Answer: 7


SOLUTION 1 :

Given:

P      =   18741

n       = 2 years

r        = 2%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 18741(2÷100)2

                                                                    = 18741(0.02)2

                                                                    = 18741 x 0.0004

                                                                    = 7



8)  

 Find the difference between simple interest and compound interest on 17872 at 2 years at 2% per annum compounded annually

Answer: 7


SOLUTION 1 :

Given:

P      =   17872

n       = 2 years

r        = 2%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 17872(2÷100)2

                                                                    = 17872(0.02)2

                                                                    = 17872 x 0.0004

                                                                    = 7



9)  

 Find the difference between simple interest and compound interest on 18126 at 2 years at 3% per annum compounded annually

Answer: 16


SOLUTION 1 :

Given:

P      =   18126

n       = 2 years

r        = 3%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 18126(3÷100)2

                                                                    = 18126(0.03)2

                                                                    = 18126 x 0.0009

                                                                    = 16



10)  

 Find the difference between simple interest and compound interest on 11501 at 2 years at 5% per annum compounded annually

Answer: 29


SOLUTION 1 :

Given:

P      =   11501

n       = 2 years

r        = 5%

Difference between C.I and S.I for 2 years = P(r÷ 100)2

                                                                    = 11501(5÷100)2

                                                                    = 11501(0.05)2

                                                                    = 11501 x 0.0025

                                                                    = 29