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 17976 at 2 years at 2% per annum compounded annually


Answer:_______________




2)  

 Find the difference between simple interest and compound interest on 16914 at 2 years at 2% per annum compounded annually


Answer:_______________




3)  

 Find the difference between simple interest and compound interest on 17322 at 2 years at 3% per annum compounded annually


Answer:_______________




4)  

 Find the difference between simple interest and compound interest on 13631 at 2 years at 2% per annum compounded annually


Answer:_______________




5)  

 Find the difference between simple interest and compound interest on 18542 at 2 years at 2% per annum compounded annually


Answer:_______________




6)  

 Find the difference between simple interest and compound interest on 15558 at 2 years at 5% per annum compounded annually


Answer:_______________




7)  

 Find the difference between simple interest and compound interest on 17698 at 2 years at 3% per annum compounded annually


Answer:_______________




8)  

 Find the difference between simple interest and compound interest on 12273 at 2 years at 2% per annum compounded annually


Answer:_______________




9)  

 Find the difference between simple interest and compound interest on 14041 at 2 years at 3% per annum compounded annually


Answer:_______________




10)  

 Find the difference between simple interest and compound interest on 17509 at 2 years at 2% per annum compounded annually


Answer:_______________




 

1)  

 Find the difference between simple interest and compound interest on 17976 at 2 years at 2% per annum compounded annually

Answer: 7


SOLUTION 1 :

Given:

P      =   17976

n       = 2 years

r        = 2%

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

                                                                    = 17976(2÷100)2

                                                                    = 17976(0.02)2

                                                                    = 17976 x 0.0004

                                                                    = 7



2)  

 Find the difference between simple interest and compound interest on 16914 at 2 years at 2% per annum compounded annually

Answer: 7


SOLUTION 1 :

Given:

P      =   16914

n       = 2 years

r        = 2%

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

                                                                    = 16914(2÷100)2

                                                                    = 16914(0.02)2

                                                                    = 16914 x 0.0004

                                                                    = 7



3)  

 Find the difference between simple interest and compound interest on 17322 at 2 years at 3% per annum compounded annually

Answer: 16


SOLUTION 1 :

Given:

P      =   17322

n       = 2 years

r        = 3%

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

                                                                    = 17322(3÷100)2

                                                                    = 17322(0.03)2

                                                                    = 17322 x 0.0009

                                                                    = 16



4)  

 Find the difference between simple interest and compound interest on 13631 at 2 years at 2% per annum compounded annually

Answer: 5


SOLUTION 1 :

Given:

P      =   13631

n       = 2 years

r        = 2%

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

                                                                    = 13631(2÷100)2

                                                                    = 13631(0.02)2

                                                                    = 13631 x 0.0004

                                                                    = 5



5)  

 Find the difference between simple interest and compound interest on 18542 at 2 years at 2% per annum compounded annually

Answer: 7


SOLUTION 1 :

Given:

P      =   18542

n       = 2 years

r        = 2%

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

                                                                    = 18542(2÷100)2

                                                                    = 18542(0.02)2

                                                                    = 18542 x 0.0004

                                                                    = 7



6)  

 Find the difference between simple interest and compound interest on 15558 at 2 years at 5% per annum compounded annually

Answer: 39


SOLUTION 1 :

Given:

P      =   15558

n       = 2 years

r        = 5%

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

                                                                    = 15558(5÷100)2

                                                                    = 15558(0.05)2

                                                                    = 15558 x 0.0025

                                                                    = 39



7)  

 Find the difference between simple interest and compound interest on 17698 at 2 years at 3% per annum compounded annually

Answer: 16


SOLUTION 1 :

Given:

P      =   17698

n       = 2 years

r        = 3%

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

                                                                    = 17698(3÷100)2

                                                                    = 17698(0.03)2

                                                                    = 17698 x 0.0009

                                                                    = 16



8)  

 Find the difference between simple interest and compound interest on 12273 at 2 years at 2% per annum compounded annually

Answer: 5


SOLUTION 1 :

Given:

P      =   12273

n       = 2 years

r        = 2%

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

                                                                    = 12273(2÷100)2

                                                                    = 12273(0.02)2

                                                                    = 12273 x 0.0004

                                                                    = 5



9)  

 Find the difference between simple interest and compound interest on 14041 at 2 years at 3% per annum compounded annually

Answer: 13


SOLUTION 1 :

Given:

P      =   14041

n       = 2 years

r        = 3%

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

                                                                    = 14041(3÷100)2

                                                                    = 14041(0.03)2

                                                                    = 14041 x 0.0009

                                                                    = 13



10)  

 Find the difference between simple interest and compound interest on 17509 at 2 years at 2% per annum compounded annually

Answer: 7


SOLUTION 1 :

Given:

P      =   17509

n       = 2 years

r        = 2%

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

                                                                    = 17509(2÷100)2

                                                                    = 17509(0.02)2

                                                                    = 17509 x 0.0004

                                                                    = 7