# DAV Class 5 Maths Chapter 13 Worksheet 1 Solutions

The DAV Books Solutions Class 5 Maths and DAV Class 5 Maths Chapter 13 Worksheet 1 Solutions of Simple Interest offer comprehensive answers to textbook questions.

## DAV Class 5 Maths Ch 13 Worksheet 1 Solutions

Question 1.
Fill in the blanks.
(a) The money deposited in a bank is called __________
Solution:
Principal

(b) The extra money paid by the bank is called __________
Solution:
Interest

(c) The period of time for which money is kept in a bank is called __________
Solution:
Time (d) The money borrowed from a bank is called __________
Solution:
Principal (loan)

(e) Extra money charged by the bank for every hundred rupees deposit is called __________
Solution:
Interest

DAV Class 5 Maths Chapter 13 Worksheet 1 Notes

• Principal: Money deposited in a bank is called Principal.
• Interest: The extra money paid by the bank is called Interest.
• Time: The period of time after which money is withdrawn is called time.
• Rate of Interest: The extra money paid by the bank for every ₹ 100 after one year is called the Rate of Interest.
• The bank also gives a loan. A person has to return it within a certain time limit alongwith some interest charged by the bank.
• Here, the money borrowed (loan) is the Principal and the extra money to be paid is called the interest.
• The bank utilizes the money deposited in the form of loans to customers or invests in some project. The bank earns interest on the same.
• Simple Interest = Principal × Rate of Interest × Time
• Amount = Principal + Interest
• Principal = Amount – Interest
• Interest = Amount – Principal