Simple Interest Worksheets for Class 5 contains 4 MCQ questions. Answers to Simple Interest Worksheets for Class 5 are available after clicking on the answer. Maths Worksheets for Class 5Â help to check the concept you have learnt from detailed classroom sessions and application of your knowledge.
| Category | Maths Worksheets for Class 5 |
| Subject | Maths |
| Chapter | Simple Interest |
a) Simple Interest = ₹ 260 , Amount = ₹ 4430
b) Simple Interest = ₹ 330 , Amount = ₹ 4330
c) Simple Interest = ₹ 249 , Amount = ₹ 4260
Answer
Answer: b) Simple Interest = ₹ 330 , Amount = ₹ 4330
Explanation
Principle(P) = Money Borrowed from others or lent to others or invested is called the Principal.
Rate (R) = Percentage , at which interest is charged or received
Time(T) = Time period for which the money is borrowed or lent.
Simple interest (S.I) = Extra money received or paid on principal
Given
Principle(P) = ₹ 4000
(When rate of interest is a fraction, the numerator is written in numerator and the denominator is written in denominator in the formula of S.I )
= 2640/8
= ₹ 330
Hence, Simple Interest = ₹ 330
We know that
Amount = Principle(P) + Simple Interest
Amount = 4000 + 330
= ₹ 4330
So, the Simple Interest is ₹ 330 and the Amount is ₹ 4330
a) Simple Interest = ₹ 842 , Amount = ₹ 6795
b) Simple Interest = ₹ 790 , Amount = ₹ 6570
c) Simple Interest = ₹ 720 , Amount = ₹ 6720
Answer
Answer: c) Simple Interest = ₹ 720 , Amount = ₹ 6720
Explanation
Principle(P) = Money Borrowed from others or lent to others or invested is called the Principal.
Rate (R) = Percentage , at which interest is charged or received
Time(T) = Time period for which the money is borrowed or lent.
Simple interest (S.I) = Extra money received or paid on principal
Given
Principle(P) = ₹ 6000
Rate (R) = 8 %
= 1440/2
= ₹ 720
Hence, Simple Interest = ₹ 720
We know that
Amount = Principle(P) + Simple Interest
Amount = 6000 + 720
= ₹ 6720
So, the Simple Interest is ₹ 720 and the Amount is ₹ 6720
Q.3) Find the S.I and Amount on ₹ 5500 for 2 year at 3 % per annum ?
a) Simple Interest = ₹ 330 , Amount = ₹ 5830
b) Simple Interest = ₹ 230 , Amount = ₹ 5840
c) Simple Interest = ₹ 280 , Amount = ₹ 6130
Answer
Answer: a) Simple Interest = ₹ 330 , Amount = ₹ 5830
Explanation
Principle(P) = Money Borrowed from others or lent to others or invested is called the Principal.
Rate (R) = Percentage , at which interest is charged or received
Time(T) = Time period for which the money is borrowed or lent.
Simple interest (S.I) = Extra money received or paid on principal
Given
Principle(P) = ₹ 5500
Rate (R) = 3 %
Time(T) = 2 year
As we know that,
Simple Interest = ₹ 33000/100
Simple Interest = ₹ 330
Hence, Simple Interest = ₹ 330
We know that
Amount = Principle(P) + Simple Interest
Amount = 5500 + 330
Amount = ₹ 5830
So, the Simple Interest is ₹ 330 and the Amount is ₹ 5830
Q.4) Rohan borrowed ₹ 15500 from a bank for 2 years at the rate of 3 % per annum. How much interest will he be charged ?
a) ₹ 1130
b) ₹ 930
c) ₹ 1430
Answer
Answer: b) ₹ 930
Explanation
Money borrowed by Rohan = ₹ 15500
Principle(P) = Money Borrowed from others or lent to others is called the Principal.
Principle(P) = ₹ 15500
Rate (R) = 3 %
Time(T) = 2 years
As we know that,
= 93000/100
= ₹ 930
So, interest paid by Rohan = ₹ 930
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