There are 5 oranges in a basket of 25 fruits. The percentage of oranges is ___
A. 5%
B. 25%
C. 10%
D. 20%
Total number of fruits in basket is 25
Number of oranges in the basket is 5
∴ Percentage of oranges in the basket =
=
= 20 %
Option D is the correct answer.
2/25 = _______ %.
A. 25
B. 4
C. 8
D. 15
Here, they asked that 2 is what percentage of 25.
= 8 %
Option C is the correct answer.
15% of the total number of biscuits in a bottle is 30. The total number of biscuits is _______.
A. 100
B. 200
C. 150
D. 300
Given that 15% of the total number of biscuits in a bottle is 30.
⇒
Total no. of biscuits
⇒ Total no. of biscuits = 200
(OR)
Shortcut method:
Given that 15 % = 30 biscuits
Dividing both sides with 15
1 % = 2 biscuits
Since 100% is total no. of biscuits
Multiply by 100 on both sides
100 % = 200 biscuits
∴ Total no. of biscuits = 200
Option B is the correct answer.
The price of a scooter was Rs. 34,000 last year. It has increased by 25% this year. Then the increase in price is _______.
A. Rs. 6,500
B. Rs. 8,500
C. Rs. 8,000
D. Rs. 7,000
Given,
Price of scooter is Rs. 34,000 in the last year
They said that current price is increased by 25% when compared to the last year.
That means the increased price is 25% of 34,000
⇒
= 25 × 340
= 8500
Option B is the correct answer.
A man saves Rs. 3,000 per month from his total salary of Rs. 20,000. The percentage of his savings is _______ .
A. 15%
B. 5%
C. 10%
D. 20%
Total salary of the man is 20,000 rupees
He saves 3,000 rupees per month
percentage of his savings =
=
=
= 15%
Option A is the correct answer.
20% of the total quantity of oil is 40 liters. Find the total quantity of oil in liters.
Given that 20% of the total quantity of oil is 40 liters.
⇒
Total quantity of oil
⇒ Total quantity of oil = 200 liters
25% of a journey covers 5,000 km. How long is the whole journey?
Given that 25% of total journey is 5,000 km
=
Total journey =
= 5,000 × 4
= 20,000
3.5% of an amount is Rs. 54.25. Find the amount.
Given that 3.5% of an amount is Rs. 54.25
Total amount =
Total amount = 1,550
60% of the total time is 30 minutes. Find the total time.
Given that 60% of an total time is 30 minutes
Total time =
Total time = 50 minutes
4% sales tax on the sale of an article is Rs. 2. What is the amount of sale?
Given that 4 % of sales tax is Rs. 2
Amount of Sale =
= 50
∴ Amount of Sale is Rs. 50
Meenu spends Rs. 2000 from her salary for recreation which is 5% of her salary. What is her salary?
Given that Meenu spends 5% of her salary which is Rs. 2000
Total Salary =
Total Salary = 40,000
25% of the total mangoes which are rotten is 1,250. Find the total number of mangoes in the basket. Also, find the number of good mangoes.
Given 1250 mangoes are rotten which is 25 % of the total
25 % = 1250 mangoes
Multiply by 4 we will get 100% which is total amount of mangoes
4 × 25 % = 4 × 1250
100 % = 5000
Total mangoes are 5000
If 25 % mangoes are rotten in a basket then (100-25) % will be good
Good mangoes (75 %) = 100% -25%
= 5000-1250
= 3750
∴ 3750 mangoes are good.
The marks obtained by Rani in her twelfth standard exams are tabulated below. Express these marks as percentages.
They have given us the marks obtained and max. marks of that subject. We need to find the percentage of marks obtained in each subject.
i. ENGLISH:
Marks obtained = 180
Max. marks in English = 200
Percentage of marks scored in English =
=
= 90%
ii. TAMIL
Marks obtained = 188
Max. marks in Tamil = 200
Percentage of marks scored in Tamil =
=
= 94%
iii. Mathematics
Marks obtained = 195
Max. marks in mathematics = 200
Percentage of marks scored in mathematics =
=
= 97.5%
iv. Physics
Marks obtained = 132
Max. marks in Physics = 150
Percentage of marks scored in Physics =
=
= 88%
v. Chemistry
Marks obtained = 142
Max. marks in Chemistry = 150
Percentage of marks scored in Chemistry =
=
= 94.66%
vi. Biology
Marks obtained = 140
Max. marks in Biology = 150
Percentage of marks scored in Biology =
=
= 93.33%
A school cricket team played 20 matches against another school. The first school won 25% of them. How many matches did the first school win?
Given that total 20 matches were played.
Out of that 25% of the matches are won by first school.
We should know that 25% is of 100%
That means of total matches gives us 25% of matches
⇒ = 5
∴ first school won 5 matches.
Rahim deposited Rs. 10,000 in a company which pays 18% simple interest p.a. Find the interest he gets for a period of 5 years.
Simple interest is same as percentages
The company pays 18% simple interest for his 10,000 every year
First year - = 1,800
In simple interest every year same interest will be paid.
So, for five years = 5 × 1,800
= 9,000
He will get Rs. 9,000 as interest for the period of 5 years.
The marked price of a toy is Rs. 1,200. The shop keeper gave a discount of 15%. What is the selling price of the toy?
Given price of toy is Rs. 1,200
The shop keeper offered a discount of 15%.
So, the current price is (100-15) % of previous price
= 85% of 1,200
=
= 1,020
After the discount of 15% the toy price is Rs. 1,020
In an interview for computer firm 1,500 applicants were interviewed. If 12% of them were selected, how many applicants were selected? Also find the number of applicants who were not selected.
No. of applicants = 1,500
No. of persons selected is 12% of applicants
⇒
= 180
180 applicants were selected out of 1,500 applicants
If 180 selected means remaining are rejected
⇒ (1,500 – 180) are not selected
1,320 applicants were not selected.
An alloy consists of 30% copper and 40% zinc and the remaining is nickel. Find the amount of nickel in 20 kilograms of the alloy.
The alloy weighs totally 20 kgs.
The alloy consists of 30% copper and 40% zinc and the remaining is nickel.
From the above we can say that 30% nickel is there in an alloy
⇒
⇒ 60
= 60 kg.
The amount of nickel in 20 kilograms of the alloy is 60 Kg.
Pandian and Thamarai contested for the election to the Panchayat committee from their village. Pandian secured 11,484 votes which was 44% of the total votes. Thamarai secured 36% of the votes. Calculate (i) the number of votes cast in the village and (ii) the number of voters who did not vote for both the contestants.
i) Given that Pandian secured 11,484 of votes which is 44% of the total votes
⇒
Total votes = = 26,100
ii) They have given that Pandian, Thamarai has got 44%, 36% of votes respectively
It clearly shows that 20% of votes was not casted
That means
5,220 votes were not casted.
A man spends 40% of his income for food, 15% for clothes and 20% for house rent and saves the rest. What is the percentage of his saving? If his income is Rs. 34,400, find the amount of his savings.
Given income of the man is Rs. 34,400
He spends 40% for food, 15% for clothes and 20% for house rent and saves the remaining of his income.
Savings = 100 – 40 – 15 – 20 = 25%
He saves 25% of his income
That means he saves th of his income.
⇒ = 8,600
He saves 8,600 which is 25% of his income.
Jyothika secured 35 marks out of 50 in English and 27 marks out of 30 in Mathematics. In which subject did she get more marks and how much?
Given Jyothika marks in English is 35 out of 50
Which means 35 is marks secured and 50 is the max. marks
Percentage of marks in English =
= = 70%
Jyothika in Mathematics was 27 out of 30
Percentage of marks in Mathematics =
= = 90%
She scored 20% more marks in mathematics than in English.
A worker receives Rs. 11,250 as bonus, which is 15% of his annual salary. What is his monthly salary?
Given that worker receives 15% of his annual salary as bonus, which is Rs. 11,250
⇒
Annual salary = = 75,000
Monthly salary = = 6,250
∴ worker get paid 6,250 monthly
The price of a suit is increased from Rs. 2,100 to Rs. 2,520. Find the percentage of increase.
Original price of the suit is Rs. 2,100
Current price of the suit is Rs. 2,520
Increase in price = original Price – Previous price
= 2,520 – 2,100 = 420
Percentage increase in price =
=
= 20%
Find the Cost price / Selling price.
(i) Cost price = Rs. 7282
Profit = Rs. 208
Profit = Selling price - Cost price
Selling price = profit + cost price
= 208 + 7282 = 7490
(ii) Profit = Rs. 72
Selling price = Rs. 572
Profit = Selling price - Cost price
Cost price = Selling price – Profit
= 572 – 72 = 500
(iii) Cost price = Rs. 9684
Loss = Rs. 684
Loss = Cost Price – Selling price
Selling price = cost price - loss
= 9684 – 684 = 9,000
(iv) Profit = Rs. 273
Selling price = Rs. 1973
Profit = Selling price - Cost price
Cost price = Selling price – Profit
= 1973 – 273 = 1700
(v) Cost price = Rs. 6,76,000
Loss = Rs. 18,500
Loss = Cost Price – Selling price
Selling price = cost price - loss
= 6,76,000 – 18,500 = 6,57,500
Fill up the appropriate boxes and leave the rest.
1. Cost price = 320
Selling price = 384
Since selling price < Cost price
Profit = Selling Price - Cost price
= 384 – 320 = 64
Profit % =
=
= 20%
2. Cost price = 2500
Selling price = 2700
Since selling price < Cost price
Profit = Selling Price - Cost price
= 2700 – 2500 = 200
Profit % =
=
= 8%
3. Cost price = 380
Selling price = 361
Since selling price > Cost price
Loss = Cost price - Selling Price
= 380 – 361 = 19
loss % =
=
= 5%
4. Cost price = 40
Loss = 2
Loss = Cost price - Selling Price
Selling Price = Cost price – Loss
= 40 – 2 = 38
loss % =
=
= 5%
5. Cost price = 5000
Profit = 500
Profit = Selling Price - Cost price
Selling Price = Cost price + Profit
= 5,000 – 500 = 5,500
Profit % =
=
= 10%
Find the S.P. if a profit of 5% is made on
a bicycle of Rs. 700 with Rs. 50 as overhead charges.
Cost price of the Bicycle is 700 + 50 = 750
Profit % = 5%
Profit % =
5 =
= S.P
Selling Price = 787.5
Find the S.P. if a profit of 5% is made on
a computer table bought at Rs. 1,150 with Rs. 50 as transportation charges.
Cost price of computer table is 1150 + 50 = 1200
Profit % = 5%
Profit % =
5 =
= S.P
Selling Price = 1,260
Find the S.P. if a profit of 5% is made on
a table-top wet grinder bought for Rs. 2,560 and an expense of Rs. 140 on repair charges.
Cost price of table-top wet grinder is 2560 + 140 = 2700
Profit % = 5%
Profit % =
5 =
= S.P
Selling Price = 2,835
By selling a table for Rs. 1,320, a trader gains 10%. Find the C.P. of the table.
Selling Price = 1320
Profit% = 10%
Profit % =
10 =
C.P = 10(1320 – C.P)
11 C.P = 13200
C.P = 1,200
The cost price of 16 note books is equal to the selling price of 12 note books. Find the gain percent.
Given, C.P of 16 note books is equal to the S.P of 12 note books
16 C.P = 12 S.P
C.P = S.P
Where, C.P – Cost price
S.P – Selling Price
Gain = S.P – C.P
= S.P - S.P
= S.P
Profit % =
= × 100%
=
= 33.33%
A man sold two articles at Rs. 375 each. On the first article, he gains 25% and on the other, he loses 25%. How much does he gain or lose in the whole transaction? Also, find the gain or loss percent in the whole transaction.
Let x, y be the two articles.
Selling price of both the articles(S.Px , S.Py) is 375
S.Px , S.Py means selling price of article X, Y respectively
C.Px , C.Py means Cost price of article X, Y respectively
on selling article X he gets 25% profit which means the selling price is 125% of C.Px
375 = 125% C.Px
375 = C.Px
C.Px = = 300
on selling article Y he gets 25% loss which means the selling price is 75% of C.Py
375 = 75% C.Py
375 = C.Py
C.Py = = 500
C.P = C.Px + C.Py
= 300 + 500 = 800
S. P = S.Px + S.Py
= 375 + 375 = 750
Loss = C.P – S.P
= 800 – 750 = 50
loss % =
=
= 6.25%
Anbarasan purchased a house for Rs. 17,75,000 and spent Rs. 1,25,000 on its interior decoration the house to make a profit of 20%. Find the S.P. of the house.
Cost price of house is 17,75,000
Interior decoration is 1,25,000
∴ total cost of house will become 17,75,000 + 1,25,000
= 19,00,000
Profit % = 20%
Profit % =
20 =
profit
Profit = 3,80,000
Profit = S.P - C.P
3,80,000 = S.P – 19,00,000
S.P = 22,80,000
After spending Rupees sixty thousand for remodeling a house, Amla sold a house at a profit of 20%. If the selling price was Rupees forty-two lakhs, how much did she spend to buy the house?
Selling price (S.P) = 42,00,000
Spent on remodeling = 60,000
Profit % = 20%
Profit % =
20 =
2×C.P = 10(42,00,000 – C.P)
12 C.P = 4,20,00,000
C.P = 35,00,000
Cost Price = Cost price of house + other expenses
35,00,000 = C.P of house + 60,000
C.P of house = 34,40,000
Jai kumar bought a plot of land in the outskirts of the city for Rs. 21,00,000. He built a wall around it for which he spent Rs. 1,45,000. And then he wants to sell it at Rs. 25,00,000 by making an advertisement in the newspaper which costs him Rs. 5,000. Now, find his profit percent.
Purchasing cost of the land = 21,00,000
Cost for building a wall = 1,45,000
Advertisement cost = 5,000
Total cost price of the plot = 21,00,000 + 1,45,000 + 5,000
= 22,50,000
Selling price = 25,00,000
Profit = Selling price - cost price
= 25,00,000 – 22,50,000 = 2,50,000
Profit % =
= × 100%
= 11.11%
A man sold two varieties of his dog for Rs. 3,605 each. On one he made a gain of 15% and on the other a loss of 9%. Find his overall gain or loss.
[Hint: Find C.P. of each]
Let x, y be the two varieties of dogs.
Selling price of both the varieties (S.Px , S.Py) is 3605
S.Px , S.Py means selling price of varieties X, Y respectively
C.Px , C.Py means Cost price of varieties X, Y respectively
on selling variety X dog he gets 15% profit which means the selling price is 115% of C.Px
3605 = 115% C.Px
3605 = C.Px
C.Px = = 3134.78
on selling variety Y dog he gets 9% loss which means the selling price is 91% of C.Py
3605 = 91% C.Py
3605 = C.Py
C.Py = = 3,961.53
C.P = C.Px + C.Py
= 3134.78 + 3,961.53 = 7096 (approx.)
S. P = S.Px + S.Py
= 3605 + 3605 = 7,210
Profit = S.P - C.P
= 7,210 – 7,096 = 114 (approx.)
The discount is always on the _______.
A. Marked Price
B. Cost Price
C. Selling Price
D. Interest
Discount is always given on the marked price of the product.
Selling price is the Discount on marked price.
Option A is the correct answer.
If M.P. = Rs. 140, S.P. = Rs. 105, then Discount = _______.
A.Rs. 245
B.Rs. 25
C.Rs. 30
D.Rs. 35
Selling price is the Discount on marked price.
Marked price = Selling price + Discount.
Discount = Marked price - Selling price
= 140 – 105 = 35
Option D is the correct answer.
______ = Marked Price – Discount.
A. Cost Price
B. Selling Price
C. List Price
D. Market price
Selling price is the Discount on marked price.
Marked price = Selling price + Discount.
Selling price = Marked Price – Discount
Option B is the correct answer.
The tax added to the value of the product is called ______ Tax.
A. Sales Tax
B. VAT
C. Excise Tax
D. Service Tax
It is called VAT
VAT means value added tax
Option B is the correct answer.
If the S.P. of an article is Rs. 240 and the discount given on it is Rs. 28, then the M.P. is _______.
A.Rs. 212
B.Rs. 228
C.Rs. 268
D.Rs. 258
S.P = 240
Discount = 28
Marked price = Selling price + Discount.
= 240 + 28 = 268
Option C is the correct answer.
The price marked on a book is Rs. 450. The shopkeeper gives 20% discount on it a in book exhibition. What is the Selling Price?
Marked price = 450
Discount = 20% of M.P
= = 90
Selling price = Marked Price – Discount
= 450 – 90 = 360
A television set was sold for Rs. 5,760 after giving successive discounts of 10% and 20% respectively. What was the Marked Price?
Selling price of TV = 5,760
They have given successive discounts of 10% and 20% respectively
Selling price given is after the 2 discounts as mentioned.
Let x be the marked price of TV
So, selling price after 10% discount = x - x = 0.9x
selling price after 20% discount = 0.9x - = 0.9x (1-0.2)
5,760 = (0.9) (0.8)x
x =
= 8,000
∴ 8,000 is the marked price of TV.
Sekar bought a computer for Rs. 38,000 and a printer for Rs. 8,000. If the rate of sales tax is 7% for these items, find the price he has to pay to buy these two items.
Cost price of computer and printer are 38,000 and 8,000 respectively
∴ cost price is 38,000 + 8,000 = 46,000
Rate of sales tax is 7%
sales tax = (rate of sales tax) (cost of the product)
= 7% (46,000)
= (46,000) = 3,220
∴ 3,220 is the sales tax amount for computer and printer
∴ Total cost to be paid for both computer and printer is
46,000 + 3,220 = 49,220
The selling price with VAT, on a cooking range is Rs. 19,610. If the VAT is 6%, what is the original price of the cooking range?
Given
Selling price with VAT = 19,610
VAT is 6%
Let y be cost of cooking range
VAT amount = (VAT)(cost of cooking range)
= 6%(y)
= y = 0.06y
Selling price = cost of the cooking range + VAT amount
19,610 = y + 0.06 y
19,610 = 1.06 y
= y
y = 18,500
original price of the cooking range = 18,500
Richard got a discount of 10% on the suit he bought. The marked price was Rs. 5,000 for the suit. If he had to pay sales tax of 10% on the price at which he bought, how much did he pay?
The marked price of the suit is 5,000
Discount offered is 10% of marked price
= × 5,000 = 500
Selling price = marked price - Discount
= 5,000 – 500 = 4,500
∴ He bought the suit for 4,500
He need to pay 10% as sales tax
Amount of sales tax = (rate of tax) (cost of the item)
= 10% ( 4,500)
= × 4,500
= 450
∴ He need to pay 450 as sales tax
Purchase price of the suit = 4,500 + 450 = 4,950
The sales tax on a refrigerator at the rate of 9% is Rs. 1,170. Find the actual sale price.
Amount of sales tax is 1,170
Rate of sales tax is 9%
Let x be the cost price of refrigerator
Amount of sales tax = (Rate of sales tax) (cost price)
1,170 = 9% (x)
1,170 = x
= x
x = 13,000
Actual cost price of refrigerator is 13,000
selling price = cost price + sales tax
= 13,000 + 1,170
= 14,170
A trader marks his goods 40% above the cost price. He sells them at a discount of 5. What is his loss or gain percentage?
Let x be the cost price of the goods
Marked price is 40% above the cost price.
M.P = 40% of C.P + C.P
= 0.4x + x
= 1.4x
Discount = 5% of marked price
= × 1.4x
= (0.05) × (1.4x)
= 0.07x
Marked price = discount + selling price
1.4x = 0.07x + S.P
S.P = 1.4x – 0.07x
= 1.33x
Profit = S.P - C.P
= 1.33x – x
= 0.33 x
Profit % =
= × 100%
= 33 %
A T.V. with marked price Rs. 11,500 is sold at 10% discount. Due to festival season, the shop keeper allows a further discount of 5%. Find the net selling price of the T.V.
Marked price of TV is 11,500
He has given 2 discounts,
Discount of 10% =
= 1,150
Selling price after first discount = marked price – discount of 10%
= 11,500 -1,150
= 10,350
Now 11,350 will becomes as the marked price
Discount of 5% due to festive season
Discount = × 10,350
= 0.05 × 10,350
= 517.5
Selling price after second discount = marked price – discount of 5%
= 10,350 – 517.5
= 9,832.5
Net selling price after two discounts is 9,832.5
A person pays Rs. 2,800 for a cooler listed at Rs. 3,500. Find the discount percent offered.
Marked price = 3,500
Selling price = 2,800
Discount = marked price – selling price
= 3,500 – 2,800
= 700
Discount % =
=
= %
= 20%
20% is the discount offered.
Deepa purchased 15 shirts at the rate of Rs. 1,200 each and sold them at a profit of 5%. If the customer has to pay sales tax at the rate of 4%, how much will one shirt cost to the customer?
Cost of each shirt = 1,200
No. of shirts = 15
Cost price of shirts = 15 × 1,200 = 18,000
Profit = 5%
= × 18,000
= 900
Total cost price = 18,000 + 900 = 18,900
Sales Tax = 4%
Amount of sales tax = (Rate of sales tax) (cost price)
= × 18,900
= 756
Total cost that customer has to pay = cost price + sales tax amount
= 18,900 + 756
= 19,656
Cost of 15 shirt that customer pay = 19,656
Cost of 1 shirt that customer has to pay = = 1,310.40
Find the discount, discount percent, selling price and the marked price.
(i) Saree
Marked price = 2,300
Discount% = 20%
Discount = 20% of marked price
= × 2,300 = 460
Selling price = Marked price – Discount
= 2,300 - 460 = 1,840
(ii) Pen set
Marked price = 140
Selling price = 105
Discount = Marked price – Selling price
= 140 – 105 = 35
Discount % =
=
= = 25%
(iii) Dining table
Discount% = 20%
Let M be the marked price
Discount = × M = 0.2M
Selling price = 16,000
Marked price = selling price + discount
M = 16,000 + 0.2M
0.8M = 16,000
M =
= 20,000
Discount = Marked price - selling price
= 20,000 – 16,000
= 4,000
(iv) Washing machine
Marked price = 14,500
Selling price = 13,775
Discount = Marked price – Selling price
= 14,500 – 13,775 = 725
Discount % =
=
= = 5%
(v) Crockery set
Marked price = 3,224
Discount% = 12.5%
Discount = 12.5% of marked price
= × 3,224 = 403
Selling price = Marked price – Discount
= 3,224 - 403 = 2,821
Find the Amount and Compound Interest in the following cases:
Amount =
P is the principle
r is the rate of interest
n is the time period in terms of years
(i) Principle = 1000
Rate of interest per annum = 5%
Time = 3 years
Amount =
=
= 1,157.625
Compound Interest = Amount – Principle
= 1000 – 1,157.625
= 157.625
(ii) Principle = 4000
Rate of interest per annum = 10%
Time = 2 years
Amount =
=
= 4,840
Compound Interest = Amount – Principle
= 4000 – 4,840
= 840
(iii) Principle = 18,000
Rate of interest per annum = 10%
Time = years
We are going to find the compound interest year by year
For 1st year
Amount =
=
= 19,800
Now 19,800 become the principle amount
For 2nd year
Amount =
=
= 21,780
Amount =
P is the principle
r is the rate of interest
n is the time period in terms of years
For half yearly
Amount =
=
= 22,869
Compound Interest = Amount – Principle
= 22,869 – 18,000
= 4,869
Sangeetha borrowed Rs. 8,000 from Alex for 2 years at 121/2% per annum. What interest did Sangeetha pay to Alex if the interest is compounded annually?
Rate of interest – 12.5% P.A
Principle – 8,000
Time – 2 years
Amount =
=
= 10,125
Compound interest = Amount – principle
= 10,125 – 8,000 = 2,125
Maria invested Rs. 80,000 in a business. She would be paid interest at 5% per annum compounded annually. Find
(i) the amount standing to her credit at the end of second year and (ii) the interest for the third year.
i. Principle = 80,000
Rate of interest per annum = 5%
Time = years
Compound interest for 2 years
Amount =
=
= 88,200
Compound interest = Amount – principle
= 80,000 - 88,200 = 8,200
8,200 will be credited at the end of 2 years
ii. Compound interest for 3 years
Amount =
=
= 92,610
Compound interest = Amount – principle
= 80,000 – 92,610 = 12,610
Compound interest for 3rd year
= compound interest of 3 years – compound interest of 2 years
= 12,610 - 8,200
= 4,410
Compound interest for the 3rd year is 4,410
Find the compound interest on Rs. 24,000 compounded half - yearly for 11/2 years at the rate of 10% per annum.
Principle = 24,000
Rate of interest per annum = 10%
Time = 1.5 years
Amount =
=
= 27,783
Compound interest = Amount – principle
= 24,000 – 27,783
= 3,783
Find the amount that Dravid would receive if he invests Rs. 8,192 for 18 months at 121/2% per annum, the interest being compounded half - yearly.
Principle = 8,192
Time = 18 months
Rate = 12.5 P.A
Amount =
=
= 9,826
Find the compound interest on Rs. 15,625 for 9 months, at 16% per annum compounded quarterly.
Principle = 15,625
Rate of interest = 16%
Time = 9 months
Amount =
=
= 17,576
Compound interest = amount – principle
= 17,576 – 15,625
= 1,951
Find the Principle that will yield a compound interest of Rs. 1,632 in 2 years at 4% rate of interest per annum.
Let x be the principle
Rate of interest = 4%
Time = 2 years
Compound interest = 1,632
Amount = x
= x
= 1.0816x
Compound interest = amount – principle
1,632 = 1.0816x – x
= x
X = 20,000
∴ principle is 20,000
Vicky borrowed Rs. 26,400 from a bank to buy a scooter at the rate of 15% p.a. compounded yearly. What amount will he pay at the end of 2 years and 4 months to clear the loan?
Capital = 26,400
Rate of interest = 15%
Time = 2 years
Amount =
=
= 36,659.7
Arif took a loan of Rs. 80,000 from a bank. If the rate of interest is 10% p. a., find the difference in amounts he would be paying after 11/2 years if the interest is
(i) compounded annually and
(ii) compounded half - yearly.
Capital = 80,000
Rate of interest = 10%
Time = 1 years
i. Amount =
=
= 92,400
ii. Amount =
=
= 92,610
Find the difference between simple interest and compound interest on Rs. 2,400 at 2 years at 5% per annum compounded annually.
Principle – 2,400
Interest – 5%
Time – 2 years
Compound interest
Amount = 24,000
= 24,00
= 2,646
Compound interest = amount – principle
= 2,646 – 2,400 = 246
Simple interest =
=
= 240
The difference between compound and simple interest = 246 -240
= 6
Find the difference between simple interest and compound interest on Rs. 6,400 for 2 years at 6 1/4% p. a. compounded annually.
Capital = 6,400
Rate of interest = 6.25%
Time = 2years
Compound interest
Amount = 6,400
= 6,400
= 7,225
Compound interest = amount – principle
= 7,225 – 6,400 = 825
Simple interest =
=
= 800
The difference between compound and simple interest = 825 - 800
= 25
The difference between C. I. and S. I. for 2 years on a sum of money lent at 5% p.a. is Rs. 5. Find the sum of money lent.
Let x be the sum of money lent
Time = 2 years
Interest = 5%
C.I – S.I = 5
Amount = x
= x
= 1.1025x
C.I = amount – principle
= 1.1025x – x
= 0.1025x
Simple interest =
=
= 0.1x
C.I – S.I = 5
0.1025x – 0.1x = 5
0.0025x = 5
X = 2,000
∴ sum of money lent is 2,000
Sujatha borrows Rs. 12,500 at 12% per annum for 3 years at simple interest and Radhika borrows the same amount for the same period at 10% per annum compounded annually. Who pays more interest and by how much?
sujatha
Principle = 12,500
Interest = 12%
Time = 3 years
Simple interest =
=
= 4,500
Radhika
Principle = 12,500
Interest = 10%
Time = 3 years
Amount =
=
= 16,637.5
Compound interest = Amount – principle
= 16,637.5 – 12,500
= 4,137.5
∴ Sujatha pays 362.5 more than Radhika
What sum is invested for 11/2 years at the rate of 4% p.a. compounded half –yearly which amounts to Rs. 1,32,651?
Interest = 4%
Time = 1.5 years = years
Amount = 1,32,651
Sum = ?
Let x be the sum of amount
Amount =
1,32,651 =
1,32,651 = 1.061208x
x =
x = 1,25,000
∴ The principle amount is 1,25,000
Gayathri invested a sum of Rs. 12,000 at 5% p.a. at compound interest. She received amount of Rs. 13,230 after ‘n’ years. Find the value of ‘n’.
Sum of money invested = 12,000
Rate of interest = 5%
Amount = 13,230
Amount =
13,230 =
1.1025 =
Taking log on bo21th sides
= n
= n
N = 2 years
At what rate percent compound interest per annum will Rs. 640 amounts to Rs. 774.40 in 2 years?
Principle = 640
Amount = 774.40
Time = 2 years
Interest rate = ?
Let interest rate be x
Amount =
774.40 =
– 100 = x
X = 10
∴ interest rate is 10%
Find the rate percent per annum, if Rs. 2,000 amounts to Rs. 2,315.25 in an year and a half, interest being compounded half-yearly.
Principle = 2,000
Amount = 2,315.25
Time = 1.5 year
Interest rate = ?
Let interest rate be x
Amount = 2,000
2,315.25 = 2,000
– 200 = x
X = 10
∴ interest rate is 10%
The number of students enrolled in a school is 2000. If the enrolment increases by 5% every year, how many students will be there after two years?
Number of students in school = 2,000
Rate of increasing = 5%
For 1st year
No. of students enrolled in the 1st year = 5% of 2,000
=
= 100
After 1-year no. of students in the school is 2100
For 2nd years
No. of students enrolled in the 2nd year = 5% of 2,100
=
= 105
After 2-year no. of students in the school is 2205
A car which costs Rs. 3,50,000 depreciates by 10% every year. What will be the worth of the car after three years?
Current worth of car(P) = 3,50,000
Rate of depreciation(R) = 10%
No. of years(n) = 3
The worth of car after 3 years =
=
= 2,55,150
The worth of car after 3 years is 2,55,150
A motorcycle was bought at Rs. 50,000. The value depreciated at the rate of 8% per annum. Find the value after one year.
Motor cycle price (P) = 50,000
Rate of depreciation(R) = 8%
No. of years(n) = 1
The worth of motor cycle after 1 year =
=
= 500 (92)
= 46,000
The worth of motor cycle after 1 year is 46,000
In a Laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria at the end of 2 hours if the count was initially 5,06,000.
Initial count (P) = 5,06,000
Rate of increase (R) = 2.5% per hour
No. of hours(n) = 2
The count of bacteria after 2 hours =
=
= 5060 × 102.52
= 5,31,61,625
From a village people started migrating to nearby cities due to unemployment problem. The population of the village two years ago was 6,000. The migration is taking place at the rate of 5% per annum. Find the present population.
Population before 2 years (P) = 6,000
Rate of migration (R) = 5%
No. of years (n) = 2
Present population =
= 6,000 ×
= 0.6 (95)2
= 5,415
Present population in the village is 5,415
The present value of an oil engine is Rs. 14,580. What was the worth of the engine 3 years before if the value depreciates at the rate of 10% every year?
present value of an oil engine = 14,580.
Rate of depreciation(R) = 10%
No. of years(n) = 3
Value of engine oil before 3 years (P) = ?
present value of an oil engine =
14,580 =
14,580 =
P =
P = 20,000
Value of engine oil before 3 years (P) is 20,000
The population of a village increases by 9% every year which is due to the job opportunities available in that village. If the present population of the village is11,881, what was the population two years ago?
Current population of village = 11,881
Rate of increase (R) = 9%
No. years (n) = 2
Population of the village before 2 years (P) = ?
Current population of village =
11,881 =
P =
P = 10,000
Population of the village before 2 years (P) = 10,000
Ponmani makes a fixed deposit of Rs. 25,000 in a bank for 2 years. If the rate of interest is 4% per annum, find the maturity value.
Total deposit (p) = 25,000
No. of years (N) = 2 years
Rate of interest (R) = 4% per annum
Interest = p× N ×
= 25,000 × 2 ×
= 2,000
Maturity value = Total deposit + Interest
= 25,000 + 2,000
= 27,000
Deva makes a fixed deposit of Rs. 75,000 in a bank for 3 years. If the rate of interest is 5% per annum, find the maturity value.
Total deposit (p) = 75,000
No. of years (N) = 3 years
Rate of interest (R) = 5% per annum
Interest = p× N ×
= 75,000 × 3 ×
= 11,250
Maturity value = Total deposit + Interest
= 75,000 + 11,250
= 86,250
Imran deposits Rs. 400 per month in a post office as R.D. for 2 years. If the rate of interest is 12%, find the amount he will receive at the end of 2 years.
Amount deposited (P) = 400/ month
No. of years (n) = 2 years = 2 × 12 = 24 months
Rate of interest (R) = 12%
Total deposit made = P × n
= 400 × 24 = 9,600
Period for recurring deposit, (N) =
= = 25 years
Interest = p× N ×
= 400 × 25 ×
= 1,200
Maturity amount = P × n + p× N ×
= 9,600 + 1,200
= 10,800
He will receive 10,800 at the end of 2 years
The cost of a microwave oven is Rs. 6,000. Poorani wants to buy it in 5 instalments. If the company offers it at the rate of 10% p. a. Simple Interest, find the E.M.I. and the total amount paid by her.
Cost of microwave (P) = 6,000
Rate of interest (R) = 10%
No. of installments (N) = 5 months = years
Interest = p× N ×
= 6,000 ××
= 250
Total amount to be paid for microwave oven = 6000 + 250
= 6250
Amount to be paid on every installment = = 1,250
The cost price of a refrigerator is Rs. 16,800. Ranjith wants to buy the refrigerator at 0% finance scheme paying 3 E.M.I. in advance. A processing fee of 3% is also collected from Ranjith. Find the E.M.I. and the total amount paid by him for a period of 24 months.
cost price of a refrigerator (P) Rs. 16,800
No. of months (N) = 24
Interest = 0%
Processing Fess = 3%
E.M.I =
=
= 700
Given that 3 EMI are paid in advance
= 700 × 3
= 2,100
Processing fess is 3% of cost price
= × 16,800 = 504
Total amount to be paid = Initial payment + processing fees + cost
price
= 2,100 + 504 + 16,800
= 19,404
The cost of a dining table is Rs. 8,400. Venkat wants to buy it in 10 instalments. If the company offers it for a S.I. of 5% p. a., find the E.M.I. and the total amount paid by him.
Cost price of dining table = 8,400
No. of installments = 10
So, n = years
Rate of Interest = 5%
Interest = p× N ×
= × 8,400 ×
= 350
Total amount to be paid = interest + cost price
= 350 + 8,400
= 8,750
E.M.I =
=
= 875
Twelve carpenters working 10 hours a day complete a furniture work in 18 days. How long would it take for 15 carpenters working for 6 hours per day to complete the same piece of work?
Let x be the no. of days to be found out
Step :1
Considering the carpenter and the no. of days
The multiplying factor =
Step :2
Considering the no. of hours in a day and the no. of days
The multiplying factor =
x = × × 18
x = 24 days
Eighty machines can produce 4,800 identical mobiles in 6 hours. How many mobiles can one machine produce in one hour? How many mobiles would 25 machines produce in 5 hours?
In 6 hours, 80 machines can produce 4,800 mobiles
In 1 hour, 1 machine can produce
= 10 mobiles
In 5 hours, 25 machines can produce = 10 × 5 × 25
= 1,250 mobiles
If 14 compositors can compose 70 pages of a book in 5 hours, how many compositors will compose 100 pages of this book in 10 hours?
Step :1
Considering the No. of compositors and no. of pages
The multiplying factors
Step :2
Considering the No. of compositors and no. of hours
The multiplying factors
So, the No. of compositors required
x = × × 14
x = 10
If 2,400 sq.m. of land can be tilled by 12 workers in 10 days, how many workers are needed to till 5,400 sq.m. of land in 18 days?
Considering the Area of land and no. of workers
The multiplying factors
Considering the No. of days and no. of workers
The multiplying factors
So, the No. of compositors required
x = × × 12
x = 15
Working 4 hours daily, Swati can embroid 5 sarees in 18 days. How many days will it take for her to embroid 10 sarees working 6 hours daily?
Working 4 hours daily, Swati can embroid 5 sarees in 18 days
She works 4 hours in a day (here, 1 day = 4 hour)
Swati can embroid 5 sarees in 18 × 4 hour
= 72 hours
Swati can embroid 1 saree in hours
= 14.4 hours
Time taken for embroid is 14.4 hrs/saree
Time taken for 10 sarees = 14.4hrs/saree × 10 saree
= 144 hrs
If she work 6 hours a day (here, 1 day = 6 hours)
Time taken for 10 sarees = days
= 24 days
A sum of Rs. 2,500 deposited in a bank gives an interest of Rs. 100 in 6 months. What will be the interest on Rs. 3,200 for 9 months at the same rate of interest?
Considering the Sum of Amount and Interest Amount
The multiplying factors
Considering the No. of month and no. of workers
The multiplying factors
So, the No. of compositors required
x = × × 100
x = 192
A man can complete a work in 4 days, whereas a woman can complete it in only12 days. If they work together, in how many days, can the work be completed?
A man can complete a work in 4 days
Man’s 1-day work =
Woman can complete a work in 12 days
Woman’s 1-day work =
1-day work of both = + =
By working together, they can complete a work in 3 days
Two boys can finish a work in 10 days when they work together. The first boy can do it alone in 15 days. Find in how many days will the second boy do it all himself?
If two boys work together they can finish a work in 10 days
Let the two boys be x & y
x & y’s 1-day work =
x + y = ..eq (1)
first boy (x) can do it in 15 days
x’s 1-day work =
x =
substituting the value of x in eq(1)
x + y =
+ y =
y =
y’s 1-day work =
so, second boy (y) can do a work in 30 days
Three men A, B and C can complete a job in 8, 12 and 16 days respectively.
A and B work together for 3 days; then B leaves and C joins. In how many days, can A and C finish the work?
A, B and C can complete a job in 8, 12 and 16 days respectively.
1-Day work:
A’s =
B’s =
C’s =
A and B’s 1-day work = + =
A and B work together for 3 days
= 3 × =
The remaining work after 3 days = 1- =
The remaining work will be done by A & C together
Work done by A & C =
By doing potion of the work in a day they can complete remaining work () in 2 days
A tap A can fill a drum in 10 minutes. A second tap B can fill in 20 minutes. A third tap C can empty in 15 minutes. If initially the drum is empty, find when it will be full if all taps are opened together?
Time taken by A = 10 min
Work done by A in 1 min =
Time taken by B = 20 min
Work done by B in 1 min =
Time taken by C = 15 min
Work done by C in 1 min =
Work done by all three A, B & C in 1 min = + - =
Time taken by all three A, B & C in = 12 min
A can finish a job in 20 days and B can complete it in 30 days. They work together and finish the job. If Rs. 600 is paid as wages, find the share of each.
Time taken by A = 20 days
Work done by A in 1 day =
Time taken by B = 30 days
Work done by B in 1 day =
Wages = 600
Ratio of work done by A & B in 1-day = : = 3:2
So. The ratio of the wages will be 3:2
3x + 2x = 600
5x = 600
X = 120
A’s wage = 3x = 3 × 120 = 360
B’s wage = 2x = 2 × 120 = 240
A, B and C can do a work in 12, 24 and 8 days respectively. They all work for one day. Then C leaves the group. In how many days will A and B complete the rest of the work?
A, B and C can do a work in 12, 24 and 8 days respectively.
A, B and C’s 1-day work will be , , respectively
1-day’s work of all of them = + + =
Remaining portion of work = 1- =
After that C leaves the group. So, the rest of the work will be completed by A & B only
A & B’s 1-day’s work = + =
No. of day required = = = 6 days
A tap can fill a tank in 15 minutes. Another tap can empty it in 20 minutes. Initially the tank is empty. If both the taps start functioning, when will the tank become full?
Time taken by A = 15 min
Work done by A in 1 min =
Time taken by B = 30 min
Work done by B in 1 min =
Work done by all three A, B in 1 min = - =
(∵ B empties the tank we use negative there)
Time taken to fill to the tank is 60 min