Class 6 Exam > Class 6 Notes > Mathematics Class 6 (Maharashtra Board) > Textbook Solutions: Banks and Simple Interest
Textbook Solutions: Banks and Simple Interest | Mathematics Class 6 (Maharashtra Board) PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1 Chapter 14: Banks and Simple Interest PRACTICE SET 35 [PAGE 76] Practice Set 35 | Q 1 | Page 76 At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000? SOLUTION Practice Set 35 | Q 2 | Page 76 Mahesh deposited rupees 8650 in a bank at a rate of 6 p.c.p.a. How much money will he get at the end of the year in all? SOLUTION Given: Principal (P) = 8650 rupees Rate of interest (R) = 6% Time (T) = 1 year Page 2 Chapter 14: Banks and Simple Interest PRACTICE SET 35 [PAGE 76] Practice Set 35 | Q 1 | Page 76 At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000? SOLUTION Practice Set 35 | Q 2 | Page 76 Mahesh deposited rupees 8650 in a bank at a rate of 6 p.c.p.a. How much money will he get at the end of the year in all? SOLUTION Given: Principal (P) = 8650 rupees Rate of interest (R) = 6% Time (T) = 1 year Hence, Mahesh will get 9169 rupees at the end of the year in all. Practice Set 35 | Q 3 | Page 76 Ahmed Chacha borrowed rupees 25000 at 12 p.c.p.a. for a year. What amount will he have to return to the bank at the end of the year? SOLUTION Page 3 Chapter 14: Banks and Simple Interest PRACTICE SET 35 [PAGE 76] Practice Set 35 | Q 1 | Page 76 At a rate of 10 p.c.p.a., what would be the interest for one year on rupees 6000? SOLUTION Practice Set 35 | Q 2 | Page 76 Mahesh deposited rupees 8650 in a bank at a rate of 6 p.c.p.a. How much money will he get at the end of the year in all? SOLUTION Given: Principal (P) = 8650 rupees Rate of interest (R) = 6% Time (T) = 1 year Hence, Mahesh will get 9169 rupees at the end of the year in all. Practice Set 35 | Q 3 | Page 76 Ahmed Chacha borrowed rupees 25000 at 12 p.c.p.a. for a year. What amount will he have to return to the bank at the end of the year? SOLUTION Hence, Ahmed Chacha will have to return 28000 rupees to the bank at the end of the year. Practice Set 35 | Q 4 | Page 76 Kisanrao wanted to make a pond in his field. He borrowed rupees 35250 from a bank at an interest rate of 6 p.c.p.a. How much interest will he have to pay to the bank at the end of the year? SOLUTION Hence, Kisan rao will have to return 2115 rupees as interest to the bank at the end of the year.Read More
|
30 videos|112 docs|15 tests
|
FAQs on Textbook Solutions: Banks and Simple Interest - Mathematics Class 6 (Maharashtra Board)
| 1. What is simple interest and how is it calculated? |  |
Ans.Simple interest is a method of calculating the interest charged or earned on a principal amount over a specific period of time. It is calculated using the formula: Simple Interest = (Principal × Rate × Time) / 100, where the principal is the initial amount of money, the rate is the percentage of interest per year, and time is the duration in years.
| 2. Why do banks use simple interest? | |
Ans.Banks use simple interest for various financial products like personal loans and short-term loans because it is straightforward to calculate and understand. Simple interest allows borrowers to know exactly how much they will owe at the end of the loan term, making it easier to manage payments.
| 3. How does the rate of interest affect the amount of simple interest? | |
Ans.The rate of interest directly affects the amount of simple interest earned or paid. A higher interest rate will result in more interest accrued over the same principal and time period. Conversely, a lower interest rate will yield less interest. This relationship is linear, meaning that if you double the rate, the simple interest will also double.
| 4. Can simple interest be used for long-term investments? | |
Ans.Simple interest is generally not used for long-term investments, as compound interest is more beneficial in such cases. Compound interest calculates interest on both the initial principal and the accumulated interest from previous periods, leading to greater returns over time. However, simple interest may be applicable for short-term loans or specific financial agreements.
| 5. What are the differences between simple interest and compound interest? | |
Ans.The main difference between simple interest and compound interest lies in how interest is calculated. Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus any interest that has already been added. This means compound interest will result in a higher total amount over time, especially for longer durations.
About this Document
Sep 23, 2025
Last updated
Related Exams
Document Description: Textbook Solutions: Banks and Simple Interest for Class 6 2025 is part of Mathematics Class 6 (Maharashtra Board) preparation.
The notes and questions for Textbook Solutions: Banks and Simple Interest have been prepared according to the Class 6 exam syllabus. Information about Textbook Solutions: Banks and Simple Interest covers topics
like and Textbook Solutions: Banks and Simple Interest Example, for Class 6 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Textbook Solutions: Banks and Simple Interest.
Introduction of Textbook Solutions: Banks and Simple Interest in English is available as part of our Mathematics Class 6 (Maharashtra Board)
for Class 6 & Textbook Solutions: Banks and Simple Interest in Hindi for Mathematics Class 6 (Maharashtra Board) course.
Download more important topics related with notes, lectures and mock test series for Class 6
Exam by signing up for free. Class 6: Textbook Solutions: Banks and Simple Interest | Mathematics Class 6 (Maharashtra Board)
Description
Full syllabus notes, lecture & questions for Textbook Solutions: Banks and Simple Interest | Mathematics Class 6 (Maharashtra Board) - Class 6 | Plus excerises question with solution to help you revise complete syllabus for Mathematics Class 6 (Maharashtra Board) | Best notes, free PDF download
Information about Textbook Solutions: Banks and Simple Interest
In this doc you can find the meaning of Textbook Solutions: Banks and Simple Interest defined & explained in the simplest way possible. Besides explaining types of
Textbook Solutions: Banks and Simple Interest theory, EduRev gives you an ample number of questions to practice Textbook Solutions: Banks and Simple Interest tests, examples and also practice Class 6
tests
Related Searches
shortcuts and tricks
,Exam
,Extra Questions
,study material
,Previous Year Questions with Solutions
,practice quizzes
,Textbook Solutions: Banks and Simple Interest | Mathematics Class 6 (Maharashtra Board)
,Textbook Solutions: Banks and Simple Interest | Mathematics Class 6 (Maharashtra Board)
,mock tests for examination
,Objective type Questions
,Summary
,Semester Notes
,Viva Questions
,MCQs
,ppt
,Textbook Solutions: Banks and Simple Interest | Mathematics Class 6 (Maharashtra Board)
,Sample Paper
,video lectures
,past year papers
,Important questions
,Free
;
Additional Information about Textbook Solutions: Banks and Simple Interest for Class 6 Preparation
Textbook Solutions: Banks and Simple Interest Free PDF Download
The Textbook Solutions: Banks and Simple Interest is an invaluable resource that delves deep into the core of the Class 6 exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Textbook Solutions: Banks and Simple Interest now and kickstart your journey towards success in the Class 6 exam.
Importance of Textbook Solutions: Banks and Simple Interest
The importance of Textbook Solutions: Banks and Simple Interest cannot be overstated, especially for Class 6 aspirants.
This document holds the key to success in the Class 6 exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Textbook Solutions: Banks and Simple Interest Notes
Textbook Solutions: Banks and Simple Interest Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Textbook Solutions: Banks and Simple Interest.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Textbook Solutions: Banks and Simple Interest Notes on EduRev are your ultimate resource for success.
Textbook Solutions: Banks and Simple Interest Class 6 Questions
The "Textbook Solutions: Banks and Simple Interest Class 6 Questions" guide is a valuable resource for all aspiring students preparing for the
Class 6 exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Textbook Solutions: Banks and Simple Interest on the App
Students of Class 6 can study Textbook Solutions: Banks and Simple Interest alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Textbook Solutions: Banks and Simple Interest,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Textbook Solutions: Banks and Simple Interest is prepared as per the latest Class 6 syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup