EduSahara™ Assignment
Name : Compound Interest Computed Anually
Chapter : Compound Interest
Grade : ICSE Grade IX
License : Non Commercial Use
Question
1
1.
If principal is ₹12000.00, ROI is 3.00% p.a., no of year(s) is 4 and interest type is compound interest computed annually, then interest is
(i)
₹1505.11
(ii)
₹1508.11
(iii)
₹1504.11
(iv)
₹1506.11
(v)
₹1507.11
Question
2
2.
If principal is ₹11000.00, ROI is 8.00% p.a., no of year(s) is 3 and interest type is compound interest computed annually, then amount is
(i)
₹13854.83
(ii)
₹13856.83
(iii)
₹13858.83
(iv)
₹13855.83
(v)
₹13857.83
Question
3
3.
If ROI is 4.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹1083.26 computed annually, then principal is
(i)
₹4999.00
(ii)
₹5002.00
(iii)
₹5001.00
(iv)
₹4998.00
(v)
₹5000.00
Question
4
4.
If ROI is 7.00% p.a., no of year(s) is 2 and accumulated compound interest is ₹1159.20 computed annually, then amount is
(i)
₹9160.20
(ii)
₹9159.20
(iii)
₹9161.20
(iv)
₹9157.20
(v)
₹9158.20
Question
5
5.
If principal is ₹6000.00, no of year(s) is 4 and accumulated compound interest computed annually is ₹2784.60, then ROI per annum is
(i)
8.00%
(ii)
12.00%
(iii)
9.00%
(iv)
11.00%
(v)
10.00%
Question
6
6.
If principal is ₹10000.00, no of year(s) is 2 and accumulated compound interest computed annually is ₹404.00, then amount is
(i)
₹10405.00
(ii)
₹10406.00
(iii)
₹10402.00
(iv)
₹10404.00
(v)
₹10403.00
Question
7
7.
If principal is ₹9000.00, ROI is 10.00% p.a. and accumulated compound interest computed annually is ₹1890.00, then no of years is
(i)
5
(ii)
3
(iii)
2
(iv)
1
(v)
4
Question
8
8.
If principal is ₹10000.00, ROI is 10.00% p.a. and accumulated compound interest computed annually is ₹2100.00, then amount is
(i)
₹12100.00
(ii)
₹12099.00
(iii)
₹12102.00
(iv)
₹12098.00
(v)
₹12101.00
Question
9
9.
If principal is ₹6000.00 and compound interest amount is ₹7299.92 for 5 year(s) computed annually, then interest is
(i)
₹1298.92
(ii)
₹1299.92
(iii)
₹1297.92
(iv)
₹1301.92
(v)
₹1300.92
Question
10
10.
If principal is ₹17000.00 and compound interest amount is ₹19828.80 for 2 year(s) computed annually, then ROI per annum is
(i)
10.00%
(ii)
8.00%
(iii)
7.00%
(iv)
6.00%
(v)
9.00%
Question
11
11.
If the compound interest amount for a certain principal is ₹19468.80 for 2 year(s) at an ROI of 4.00% p.a. computed annually, then principal is
(i)
₹18002.00
(ii)
₹18000.00
(iii)
₹18001.00
(iv)
₹17999.00
(v)
₹17998.00
Question
12
12.
If the compound interest amount for a certain principal is ₹7320.50 for 4 year(s) at an ROI of 10.00% p.a. computed annually, then interest is
(i)
₹2321.50
(ii)
₹2322.50
(iii)
₹2319.50
(iv)
₹2318.50
(v)
₹2320.50
Question
13
13.
If the compound interest on a certain principal is ₹304.50 for 2 year(s) at ROI 3.00% p.a. computed annually, then what is the compound interest for the same principal and ROI for 4 year(s)?
(i)
₹627.54
(ii)
₹626.54
(iii)
₹628.54
(iv)
₹629.54
(v)
₹625.54
Question
14
14.
If the compound interest on a certain principal is ₹6849.29 for 4 year(s) at ROI 8.00% p.a. computed annually, then what is the compound interest for the same principal and duration at 10.00% p.a. ROI?
(i)
₹8819.90
(ii)
₹8818.90
(iii)
₹8815.90
(iv)
₹8816.90
(v)
₹8817.90
Question
15
15.
If the compound interest on a certain principal is ₹1623.23 for 3 year(s) at ROI 4.00% p.a. computed annually, then what is the compound interest for the same principal at 9.00% p.a. ROI and duration 2 year(s)?
(i)
₹2447.30
(ii)
₹2446.30
(iii)
₹2444.30
(iv)
₹2443.30
(v)
₹2445.30
Question
16
16.
Calculate the amount on
₹12000.00
for
5
years
9
months
at
3.00% p.a.
compounded
annually
(i)
₹14223.29
(ii)
₹14226.29
(iii)
₹14222.29
(iv)
₹14225.29
(v)
₹14224.29
Question
17
17.
Calculate the amount on
₹7000.00
for
5
1
2
years
at
10.00% p.a.
compounded
annually
(i)
₹11837.25
(ii)
₹11835.25
(iii)
₹11839.25
(iv)
₹11838.25
(v)
₹11836.25
Question
18
18.
A man borrows a ₹18000.00 at 9.00% p.a. compounded annually. If he repays ₹9810.00 at the end of year 1 ,₹2673.23 at the end of year 2 , how much loan is outstanding against him at the beginning of the year 3.
(i)
₹8017.68
(ii)
₹8019.68
(iii)
₹8021.68
(iv)
₹8020.68
(v)
₹8018.68
Question
19
19.
A man invests a ₹15000.00 for 4 years at 9.00% p.a. compounded annually. If 4% of the accrued interest at the end of each year is deducted as income tax, find the amount he receives at the end of 4 years.
(i)
₹20896.38
(ii)
₹20897.38
(iii)
₹20894.38
(iv)
₹20895.38
(v)
₹20893.38
Question
20
20.
If P = Principal, n = no of terms, R = rate of interest, formula for amount at compound interest is
(i)
P
[
1
+
100
PR
]
n
(ii)
P
[
1
−
R
100
]
n
(iii)
P
[
1
+
100
P
]
n
(iv)
P
[
1
+
R
100
]
n
(v)
P
[
1
+
PR
100
]
n
Question
21
21.
If principal is ₹13000.00, ROI is 3.00% p.a., no of year(s) is 5 computed annually, then the difference of compound and simple interest =
(i)
₹121.56
(ii)
₹120.56
(iii)
₹118.56
(iv)
₹122.56
(v)
₹119.56
Question
22
22.
If the difference of compound and simple interest on a certain principal is ₹372.00 for ROI 10.00% p.a. and no of year(s) 3 computed annually, then the principal =
(i)
₹12001.00
(ii)
₹12000.00
(iii)
₹11999.00
(iv)
₹11998.00
(v)
₹12002.00
Assignment Key
1) (iv)
2) (ii)
3) (v)
4) (ii)
5) (v)
6) (iv)
7) (iii)
8) (i)
9) (ii)
10) (ii)
11) (ii)
12) (v)
13) (i)
14) (v)
15) (v)
16) (v)
17) (i)
18) (ii)
19) (iv)
20) (iv)
21) (ii)
22) (ii)
