Cognizant Simple and Compound Interest Quiz-1

What will be Simple interest if Principal = RS 2000 rate = 3% and Time Period = 2 years ?

A Certain sum of money amounts to Rs 2500 in a span Of 5 years and further to Rs.3000 in a span of 7 years at simple interest The sum is_______

Ramakant wants to earn Rs. 1,500 interest on his deposits. He plans to buy a sack of grains with the interest. He puts Rs. 5,000 into his account that earns 2.5% interest. How long will he need to leave his money in the account to earn this interest that would help him buy the sack of grains?

Alok deposits Rs.5,000 in his bank account for 5 years to earn a Simple interest of 12%.what amount will he get after 5 years?