DELHI PUBLIC SCHOOL, SRINAGAR

ATHWAJAN CHOWK 190004

Welcome to our fifth session of online Mathematics for class VII. Kindly go through the material very carefully, your understanding matters. This chapter is for the month of August(Final term) 2010.

Topic : Simple Interest Simple Interest is extensively used in banks. In fact keeping in mind Simple interest ;we are able to calculate the amount for various schemes like FDRs ( C.Cs) , loans , etc. We often save our money and make C.Cs for a specified period depending upon the time and amount that suits us and can vary from individual to individual. If our money save is not sufficient, we borrow money from the bank , financial institutions or a moneylender . These institutions lend us money if we agree to return the borrowed money after specified period of time. After the specified period we not only have to return the money but also pay the extra money for using their money. These terms are given names as follows: Principal: it is the money or sum borrowed or invested denoted often by P for a specified period of time and in mathematics its denoted by T. Interest: is the agreed percentage of the sum borrowed at the time of taking money throughout the loan period and is denoted by R. The rate is calculated on Rs.100 for 1 year. Amount :the money that will be returned to the bank or the borrower , in short it is the money/sum borrowed + interest i.e A =Principal +interest. Simple Interest : the additional money to be paid for having used the borrowed money and in mathematics it is denoted by I. Formulae: I=PxRxT PxR A = P +I P = I x 100 RxT R = I x 100 PxT T = I x 100 100

Chapter : Simple Interest Exercise 12A (Pg. no.139) Class: VII Dear students of class VII , I have made an effort to explain the exercise in the simplest way possible . I believe this will help you to understand the chapter Simple Interest. Ensure you use your Course text book and rough note book while solving the questions and take the help of an adult if needed.

Q1.

Principal = Rs. 6400 , rate = 6% p.a and time = 2 years Using the formula to find S.I ; I = P x R x T 100 Substitute the values given in the question, we get I = 6400 x 6 x 2 = 64 x 6 x2 = Rs. 768 100 Therefore, simple Interest on principal Rs. 6400 is Rs.768 Amount = I + P = Rs. 768 + Rs. 6400 = Rs. 7168 Principal = Rs. 2650 , rate = 8% p.a and time = 2 years( time = 5/2 years) Using the formula to find S.I ; I = P x R x T 100 Substitute the values given in the question, we get 53 4 2 I = 2650 x 8 x 5 = 53 x 2 x5 = Rs. 530 100 x 2 51 1 Therefore, simple Interest on principal Rs. 2650 is Rs.530 Amount = I + P = Rs. 530 + Rs. 2650 = Rs. 3180 Principal = Rs. 1500 , rate = 12% p.a and time = 3 years 3 months( 3/12 years =34 years = 13/4 years) Using the formula to find S.I ; I = P x R x T 100 Substitute the values given in the question, we get 3 I = 1500 x 12 x 13 = 15 x 3 x13 = Rs. 585 100 x 4 1 Therefore, simple Interest on principal Rs. 1500 is Rs.585 Amount = I + P = Rs. 585 + Rs. 1500 = Rs. 2085 Principal = Rs. 9600 , rate =7% p.a (15/2 %)and time = 5 months (5/12 years) Using the formula to find S.I ; I = P x R x T 100 Substitute the values given in the question, we get

Q2.

Q3.

Q4.

4 48 I = 9600 x 15 x 5 = 4 x 15 x 5 = Rs. 300 100 x 2 x 12 1 1 Therefore, simple Interest on principal Rs. 9600 is Rs.300 Amount = I + P = Rs. 300 + Rs. 9600 = Rs.9900 Q5. Principal = Rs. 5000 , rate = 9% p.a and time = 146days( 146/365 years) Using the formula to find S.I ; I = P x R x T 100 Substitute the values given in the question, we get 10 2 I = 50 00 x 9 x 146 = 10 x 9 x2 = Rs. 180 100 x 365 73 1 Therefore, simple Interest on principal Rs. 5000 is Rs.180 Amount = I + P = Rs. 768 + Rs. 6400 = Rs. 5180 Principal = Rs. 7500 , rate = 6% p.a and time = 1st Feb 2004 to 14 April 2004 ( time =28 days+ 31 days+14 days= 73 days = 73/365 year) Using the formula to find S.I ; I = P x R x T 100 Substitute the values given in the question, we get 15 1 I = 7500 x 6 x 73 = 15 x 6 x1 = Rs. 90 100 x 365 73 1 Therefore, simple Interest on principal Rs. 7500 is Rs90 Amount = I + P = Rs. 90 + Rs. 7500 = Rs. 7590 Principal = Rs.6400 , SI = Rs.1152 and rate =6% p.a Using the formula; t = 100 x SI 3 192 PxR T = 100 x 1152 6400 x 6 1 1 T = 3 years A sum of Rs. 6400 will give an interest of Rs.1152 at a rate 6% in a period of 3 years. Principal = Rs.9540 , SI = Rs.1908 and rate =8% p.a Using the formula; t = 100 x SI 1 PxR 5 477 T = 100 x 1908 = 5 9540 x 8 2 2 2 1 T = 2 years

Q6.

Q7.

Q8.

A sum of Rs. 9540 will give an interest of Rs.1908 at a rate 8% in a period of 2 years. Q9. Amount = Rs. 6450 , Principal = Rs. 5000 and rate = 12% p.a Using formula, Amount = SI +principal Substitute the value for each we get, 6450 = SI + 5000 Transposing 5000 to left hand side; 6450 5000 = SI SI = 1450 Now we have the value of SI , P and Rate using these values to find time Using the formula; t = 100 x SI PxR 29 T = 100 x 1450 = 29 = 2 years and 5 months 5000 x 12 12 1 A sum of Rs. 5000 will give an interest of Rs.1450 at a rate 12% in a period of 2 years and 5 months. Q10. Principal = Rs. 8250 , SI = Rs. 1100 and time = 2 years. Using the formula R = 100 x SI PxT Substitute the values given in question we get; 20 2 220 R = 100 x 1100 = 20 8250 x 2 3 165 1 33 3 R = 20 = 6% 3 A simple interest of Rs. 1100 will be made on a sum of Rs. 8250 in 2years at a rate of interest of 6% Q11. Principal = Rs. 5200 , SI = Rs. 975 and time = 2 years(5/2 years) Using the formula R = 100 x SI PxT Substitute the values given in question we get; 8 16 195 1 R = 100 x 975 x 2 = 8% 5200 x 5 26 1 21 R = 8% A simple interest of Rs. 975 will be made on a sum of Rs. 5200 in 2 years at a rate of interest of 8%

Q12.

Principal = Rs.3560 ,Amount = Rs. 4521.20 and time = 3 years Using formula, Amount = SI +principal Substitute the value for each we get, 4521.20 = SI + 3560 Transposing 5000 to left hand side; . 4521.20 3560 = SI SI = Rs.961.20 96120 100 Now we have the value of SI , P and time using these values to find rate Using the formula R = 100 x SI PxT Substitute the values given in question we get;

801 3204 R = 100 x 96120 = 801 = 9% 3560 x 100 x 3 89 89 1 A principal of Rs.3560 will give an amount of Rs. 4521.20 in 3 years at a rate of interest of 9%

Chapter : Simple Interest Exercise 12B (Pg. no.142) Class: VII Dear students of class VII , I have made an effort to explain the exercise in the simplest way possible . I believe this will help you to understand the chapter Simple Interest. Ensure you use your Course text book and rough note book while solving the questions and take the help of an adult if needed.

Q1.

Case I : Principal = Rs.? Let it be P , rate = 8%p.a , time = 9 months ( 9/12 year) Case II : Principal = Rs.2000 , rate = 9%p.a , time = 2 years They both give the same SI , hence forth taking case II to find SI SI = P x R x T 100 SI = 2000 x 9 x 2 = Rs. 360 100 Case I : P = 100 x SI RxT (here SI = Rs. 360) 40 20 3 P = 100 x 360 x 12 8x9 1 2 1 P = 100 x 20 x 3 P = Rs.6000 Therefore, the principal sum in case I is Rs. 6000 Case I : Principal = Rs. 960 , rate = ? let it be R , time = 1 years ( 3/2 years) Case II : Principal = Rs.2400 , rate = 9%p.a , time = 8 months (8/12 year) They both give the same SI , hence forth taking case II to find SI SI = P x R x T 100 2 SI = 2400 x 9 x 8 = Rs. 2 x9 x8 = 144 100 x 12 1 Case I : R = 100 x SI PxT (here SI = Rs.144) 1 3 12 48 1 R = 100 x 144 x 2 = 10 960 x 3 32 1 8 4 1 R = 10% Therefore, rate is 10%

Q2.

Q3.

Case I : Amount = Rs. 783 , time = 2years Case II : Amount = Rs. 837 , time = 3years Subtracting the above two statements , we get Amount(Rs.837 Rs. 783) , time ( 3years 2 years) Amount (Rs.54) in time ( 1 year) To equate it to case II multiply by 3 we get Amount (Rs.54 x 3), time (1 year x 3) Amount (Rs.162 ), time (3 years) Now; SI = Rs. 162 , time = 3 years, principal = Rs. 837 Rs.162 = Rs.675 R = 100 x SI PxT 4 54 2 R = 100 x 162 = 8% 675 x 3 27 1 1 Therefore, rate is 8%

Q4.

Case I : Amount = Rs. 4745 , time = 3years Case II : Amount = Rs. 5475 , time = 5years Subtracting the above two statements , we get Amount(Rs.5475 Rs. 4745) , time ( 5years 3 years) Amount (Rs.730) in time ( 2 year) Amount in 1 year= Rs. 730 2 = Rs.365 To equate it to case I multiply by 3 we get Amount (Rs.365 x 3), time (1 year x 3) Amount (Rs.1095 ), time (3 years) Now; SI = Rs. 1095 , time = 3 years, principal = Rs. 4745 Rs.1095 = Rs.3650 R = 100 x SI PxT 1 365 R = 100 x 1095 = 10% 3650 x 3 1 1 Therefore, rate is 10% Case I : Principal = ? let it be P , rate = 11% p.a , time = 3 years. Case II : Principal = ? let it be P , rate = 10% p.a, time = 4 years. The difference in SI in two case is Rs. 574 Case I < case II by Rs. 574 Equating the case I and case II, we get SI of case I = SI of case II 574 Substitute the values provided by the question P x 11 x 3 = P x 10 x 4 574 100 100

Q5.

33P = 40P 574 100 100 100(33P) = 100(40P 574) 3300P = 4000P 57400 Transposing 4000P to left hand side, we get 3300P 4000P = - 57400 -700 P = -57400 P = -57400 ( -700 ) P = 8200 Therefore, sum is Rs. 8200 Q6. The amount to be divided is Rs. 3000 If the first share taken is R , the other share would be (3000 R ) As per the problem given, SI on part I whose P is taken as R at a rate of 8% p.a for 4years is equal to SI on share II whose P= 3000 R at a rate of 9% p.a for 2 years. Representing mathematically, Share I :SI = R x 8 x 4 100 Share II :SI = (3000 R) x 9 x 2 100 Equating the above statements; R x 8 x 4 = (3000 R) x 9 x 2 100 100 1 1 32R = 3000 x 18 18R Transposing -18R to left hand side 32R + 18R = 54000 50R = 54000 R = 54000 50 R= 10800 Therefore, principal for share I is Rs. 10800 , principal for share II is Rs. 3000 Rs.10800 = Rs.1920

Q7.

The amount to be divided is Rs. 6000 If the first share taken is Z , the other share would be (6000 Z ) As per the problem given, SI on part I whose P is taken as Z at a rate of 12% p.a for 9months (9/12 year) is equal to SI on share II whose P= 6000 Z at a rate of 10% p.a for 1 years(3/2 years). Representing mathematically, Share I :SI = Z x 12 x 9 100 x 12 Share II :SI = (6000 Z) x 10 x 3 100 x 2 5 Equating the above statements; Z x 12 x 9 = (6000 Z) x 10 x 3 100 x 12 100 x 2 1 1 1 9Z = 6000 x 15 15Z

Transposing -15Z to left hand side 9Z +15Z = 90000 24Z = 90000 Z = 90000 24 Z= 3750 Therefore, principal for share I is Rs. 3750 , principal for share II is Rs. 6000 Rs.3750 = Rs. 2250 Q8. The amount to be divided is Rs. 3600 If the first share taken is H , the other share would be (3600 H ) As per the problem given, SI on part I whose P is taken as H at a rate of 9% p.a and SI on share II whose P= 3600 H at a rate of 10% p.a should amount to Rs.333 Representing mathematically, Time is not given so taking it as 1 year for both since rate is in per annum. Share I :SI = H x 9 x 1 100 Share II :SI = (3600 H) x 10 x 1 100 Adding the both gives Rs. 333 H x 9 x 1 + (3600 H ) x 10 x 1 = Rs. 333 100 100 9H + (3600 H ) x 10 = Rs.333 x 100 9H + 36000 10H = 33300 9H 10H = 33300 36000 -H = - 2700 H = Rs. 2700 Therefore, principal for share I is Rs. 27000 , principal for share II is Rs. 3600 Rs.2700 = Rs. 900 Amount deposited in bank = Rs.8000 Let rate of interest be R SI after 1 year on Rs. 8000 = 8000 x R x 1 = 80R (I) 100 Amount withdrawn after 1 year = Rs. 2000 Amount left = Rs. 8000 Rs.2000 = Rs.6000 SI on the amount for 2 years = 6000 x R x 2 = 120R (II) 100 At the end of three years the amount received is Rs.7800 Total amount taken from bank = Rs. 2000 + Rs. 7800 = Rs. 9800 Amount taken as SI = Rs. 9800 Rs. 8000 = Rs. 1800 Adding the equation (I) and (II) we get , 80R +120R = 1800 200R =1800 R = 1800200 R=9 Therefore, the rate of interest is 9% Hari : P = Rs.8000 , time = 3 years, rate = ? let it be R SI = 8000 x R x 3 = 240R 100 Ajit : P = Rs.6250, time = 3 years , rate = ? let it be same as for Hari i.e R 125 SI = 6250 x R x 3 = 375R 2 100 2

Q9.

Q10.

Hari paid more interest than Ajit by Rs.735 240R 375R =735 2 480R 375R = 1470 105R = 1470 R = 1470 105 R = 14 Therefore the rate of interest for both is 14% Q11. Kanti: P = ? let it be P , rate = 8% p.a , time = 3 years (same as for Satish) SI = P x 8 x 3 = 24P 100 100 Satish : P = same as Kanti, rate = 12% , time = 3 years SI = P x 12 x 3 = 36P 100 100 Kanti gains an amount of Rs. 420 36P 24P = 420 100 100 36P 24P = 420 x 100 12P = 42000 P = 42000 12 P = 3500 The sum is Rs. 3500 Amount borrowed = Rs.25000 Money bifurcated into two parts and an interest of 12 % p.a is paid on one while on other the rate of interest is 14% p.a Part I : P = let it be P , rate = 12 , time = 1 year since rate of interest is in per annum. SI = P x 12 x 1 = 12P 100 100 Part II : P = (25000 P) , rate = 14 , time = 1 year since rate of interest is in per annum. SI = (25000 P) x 14 x 1 = 25000 x 14 14P = 350000 -14P 100 100 100 Total Interest paid = Rs. 3260 12P + 350000 -14P = Rs.3260 100 12P 14P + 350000 = 3260 x 100 -2P = 326000 - 350000 P = -24000 (-2) P = 12000 Therefore the sum borrowed is Rs.12000 and Rs. 25000 Rs.12000 = Rs.13000 at different rate of interest.

Q12.