EXIT TICKET-REAL LIFE APPLICATION(SIMPLE INTEREST)

EXIT TICKET - REAL LIFE APPLICATIONS(SIMPLE INTEREST)

100

Riya invests AED 1,000 at 5% per annum for 2 years. Find the simple interest.

AED 100  

200

Apply

A sum of money earns AED 300 as simple interest in 3 years at 5% per annum. Find the principal.

AED 2,000

300

If Maryam pays an interest of ₹540 for 2 years on a sum of ₹4,500, find the rate of interest. 

6%

400

Noor borrowed ₹6,500 from her friend and returned ₹7,280 after 2 years. Calculate the simple interest and rate of interest.

₹780

6%

500

Find and Justify

Sara invests a sum of money at 5% simple interest per annum. After 4 years, she earns AED 600 as interest.

a) Find the principal invested by Sara.

b) Calculate the total amount she will receive at the end of 4 years.

3000 

3,600

Financial Detectives

100

Principal = $250

Rate of Interest = 7%

Time = 4years

Calculate the interest and the amount

$320

200

Omar earns AED 1,200 as simple interest in 4 years at 6% per annum. Find the principal.

AED 5,000

300

If Omar pays an interest of ₹750 for 3 years on a sum of ₹5,000, find the rate of interest.

5%

400

Nia borrowed Rs.7500 from his friend and after one year returned Rs.8250 to his friend.Calculate the simple interest and rate.

Rs.750,10%

500

Ahmed invests a sum of money at 4% simple interest per annum. After 3 years, he earns AED 480 as interest.

a) Find the principal invested by Ahmed.

b) Calculate the total amount he will receive at the end of 3 years.

AED 4,000

AED 4,480

Financial Detectives

100

Omar deposits AED 2,500 at 8% per annum for 2 years. Find the simple interest.

AED 400

200

Noor receives AED 840 as simple interest in 2 years at 7% per annum. Calculate the principal.

AED 6,000

300

If Yusuf pays an interest of ₹900 for 3 years on a sum of ₹6,000, find the rate of interest.

5%

400

Ahmed borrowed ₹6,000 from his friend and returned ₹6,900 after 1 year. Calculate the simple interest and rate of interest.

₹900,15%

500

Omar invests a sum of money at 5% simple interest per annum. After 2 years, he receives AED 6,000 as the total amount, including interest.

a) Find the simple interest earned by Omar.

b) Calculate the principal he originally invested.

SI = AED 500

Principal = AED 5,500