Question Paper
Class / Subject: Class 6 (SSC) · Mathematics (गणित)
Chapter: Chapter 14 — Chapter 14: Banks and Simple Interest
Time Allowed: 32 minutes
Max Marks: 16
1. What is the simple interest formula? [1]
(A) SI = (P×R×T)/100
(B) SI = P+R+T
(C) SI = P×R×T
(D) SI = P÷R÷T
2. What does 'P' represent? [1]
(A) Principal
(B) Rate
(C) Time
(D) Amount
3. What does 'R' represent? [1]
(A) Rate of interest
(B) Principal
(C) Time
(D) Amount
4. What does 'T' represent? [1]
(A) Time in years
(B) Principal
(C) Rate
(D) Amount
5. What is the formula for Amount? [1]
(A) Principal + Simple Interest
(B) Principal - Simple Interest
(C) Principal × Simple Interest
(D) Principal ÷ Simple Interest
6. What is the simple interest on ₹1000 at 5% for 2 years? [1]
(A) ₹100
(B) ₹50
(C) ₹1000
(D) ₹10
7. What is the total amount in the above example? [1]
(A) ₹1100
(B) ₹1000
(C) ₹100
(D) ₹1050
8. Why learn about simple interest? [1]
(A) For informed savings and loan decisions
(B) No reason
(C) It's not useful
(D) Only for tests
9. What is the simple interest formula? [1]
(A) SI = (P×R×T)/100
(B) SI = P+R+T
(C) SI = P×R×T
(D) SI = P÷R÷T
10. What does 'P' represent? [1]
(A) Principal
(B) Rate
(C) Time
(D) Amount
11. What does 'R' represent? [1]
(A) Rate of interest
(B) Principal
(C) Time
(D) Amount
12. What does 'T' represent? [1]
(A) Time in years
(B) Principal
(C) Rate
(D) Amount
13. What is the formula for Amount? [1]
(A) Principal + Simple Interest
(B) Principal - Simple Interest
(C) Principal × Simple Interest
(D) Principal ÷ Simple Interest
14. What is the simple interest on ₹1000 at 5% for 2 years? [1]
(A) ₹100
(B) ₹50
(C) ₹1000
(D) ₹10
15. What is the total amount in the above example? [1]
(A) ₹1100
(B) ₹1000
(C) ₹100
(D) ₹1050
16. Why learn about simple interest? [1]
(A) For informed savings and loan decisions
(B) No reason
(C) It's not useful
(D) Only for tests