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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%
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