ICSE Board Practice

ICSE Grade VIII - Compound Interest
Question 1
1.
If principal is ₹17000.00, ROI is 7.00% p.a. and accumulated compound interest computed annually is ₹3825.73, then no of years is
  • 2
  • 5
  • 4
  • 1
  • 3
Question 2
2.
If principal is ₹7000.00 and compound interest amount is ₹7717.50 for 2 year(s) computed annually, then ROI per annum is
  • 7.00%
  • 5.00%
  • 4.00%
  • 6.00%
  • 3.00%
Question 3
3.
If principal is ₹5000.00, ROI is 10.00% p.a., no of year(s) is 4 and interest type is compound interest computed annually, then interest is
  • ₹2321.50
  • ₹2319.50
  • ₹2322.50
  • ₹2318.50
  • ₹2320.50
Question 4
4.
If principal is ₹19000.00, ROI is 2.00% p.a., no of year(s) is 4 and interest type is compound interest computed annually, then amount is
  • ₹20566.21
  • ₹20565.21
  • ₹20564.21
  • ₹20568.21
  • ₹20567.21
Question 5
5.
If ROI is 3.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹2070.56 computed annually, then amount is
  • ₹15072.56
  • ₹15068.56
  • ₹15071.56
  • ₹15070.56
  • ₹15069.56
Question 6
6.
If principal is ₹5000.00, no of year(s) is 4 and accumulated compound interest computed annually is ₹1077.53, then amount is
  • ₹6079.53
  • ₹6077.53
  • ₹6075.53
  • ₹6078.53
  • ₹6076.53
Question 7
7.
If principal is ₹9000.00 and compound interest amount is ₹9834.54 for 3 year(s) computed annually, then interest is
  • ₹833.54
  • ₹832.54
  • ₹834.54
  • ₹835.54
  • ₹836.54
Question 8
8.
If ROI is 2.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹2081.62 computed annually, then principal is
  • ₹19999.00
  • ₹20001.00
  • ₹20002.00
  • ₹19998.00
  • ₹20000.00
Question 9
9.
If principal is ₹14000.00, no of year(s) is 5 and accumulated compound interest computed annually is ₹1457.13, then ROI per annum is
  • 2.00%
  • 0.00%
  • 1.00%
  • 3.00%
  • 4.00%
Question 10
10.
    • If P = Principal, n = no of terms, R = rate of interest, formula for amount at compound interest is
  • P
    [
    1
    R

    100
    ]
    n
  • P
    [
    1
    +
    R

    100
    ]
    n
  • P
    [
    1
    +
    100

    PR
    ]
    n
  • P
    [
    1
    +
    100

    P
    ]
    n
  • P
    [
    1
    +
    PR

    100
    ]
    n