ICSE Board Practice

ICSE Grade VIII - Compound Interest
Question 1
1.
    • If P = Principal, n = no of terms, R = rate of interest, formula for amount at compound interest is
  • P
    [
    1
    +
    100

    P
    ]
    n
  • P
    [
    1
    +
    PR

    100
    ]
    n
  • P
    [
    1
    +
    R

    100
    ]
    n
  • P
    [
    1
    +
    100

    PR
    ]
    n
  • P
    [
    1
    R

    100
    ]
    n
Question 2
2.
If principal is ₹13000.00, ROI is 9.00% p.a., no of year(s) is 3 and interest type is compound interest computed annually, then amount is
  • ₹16837.38
  • ₹16834.38
  • ₹16833.38
  • ₹16835.38
  • ₹16836.38
Question 3
3.
If principal is ₹9000.00, no of year(s) is 2 and accumulated compound interest computed annually is ₹1304.10, then ROI per annum is
  • 6.00%
  • 8.00%
  • 9.00%
  • 7.00%
  • 5.00%
Question 4
4.
If principal is ₹6000.00, ROI is 4.00% p.a. and accumulated compound interest computed annually is ₹489.60, then no of years is
  • 3
  • 2
  • 1
  • 5
  • 4
Question 5
5.
If ROI is 10.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹9157.65 computed annually, then amount is
  • ₹24155.65
  • ₹24159.65
  • ₹24156.65
  • ₹24157.65
  • ₹24158.65
Question 6
6.
If principal is ₹19000.00 and compound interest amount is ₹26820.05 for 4 year(s) computed annually, then interest is
  • ₹7820.05
  • ₹7819.05
  • ₹7818.05
  • ₹7821.05
  • ₹7822.05
Question 7
7.
If ROI is 5.00% p.a., no of year(s) is 4 and accumulated compound interest is ₹3017.09 computed annually, then principal is
  • ₹14000.00
  • ₹14002.00
  • ₹14001.00
  • ₹13998.00
  • ₹13999.00
Question 8
8.
If principal is ₹19000.00, ROI is 4.00% p.a., no of year(s) is 4 and interest type is compound interest computed annually, then interest is
  • ₹3229.31
  • ₹3227.31
  • ₹3228.31
  • ₹3225.31
  • ₹3226.31
Question 9
9.
If principal is ₹7000.00, no of year(s) is 4 and accumulated compound interest computed annually is ₹3248.70, then amount is
  • ₹10246.70
  • ₹10247.70
  • ₹10250.70
  • ₹10248.70
  • ₹10249.70
Question 10
10.
If principal is ₹6000.00 and compound interest amount is ₹7146.10 for 3 year(s) computed annually, then ROI per annum is
  • 4.00%
  • 5.00%
  • 8.00%
  • 6.00%
  • 7.00%