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8th Class Mathematics Comparing Quantities Question Bank Commercial Mathematics

  • question_answer
    DIRECTIONS: Passage-1 Read the passage(s) given below and answer the questions that follow. Rs. 5000 is invested at a rate of 5% p.a. Simple interest for 5 years. After 5 year whole amount is again invested for 2 year at a rate of 3% p.a. Find simple interest in 5 years.

    A) Rs.1000        

    B)                      Rs.1200

    C) Rs.1250          

    D)          Rs.1300

    Correct Answer: C

    Solution :

    P = Rs. 5000, Rs. = 5%, T = 5 years \[S.I=\frac{P\times R\times T}{100}\] \[\text{S}\text{.I}=\frac{5000\times 5\times 5}{100}=\text{Rs}\,1250\]


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