ICSE Board Practice

ICSE Grade VIII - Compound Interest
Question 1
1.
If principal is ₹16000.00, no of year(s) is 3 and accumulated compound interest computed annually is ₹979.33, then amount is
  • ₹16981.33
  • ₹16980.33
  • ₹16978.33
  • ₹16979.33
  • ₹16977.33
Question 2
2.
If ROI is 10.00% p.a., no of year(s) is 2 and accumulated compound interest is ₹3570.00 computed annually, then principal is
  • ₹17002.00
  • ₹16998.00
  • ₹17001.00
  • ₹17000.00
  • ₹16999.00
Question 3
3.
    • 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
    +
    100

    P
    ]
    n
  • P
    [
    1
    R

    100
    ]
    n
  • P
    [
    1
    +
    100

    PR
    ]
    n
  • P
    [
    1
    +
    PR

    100
    ]
    n
Question 4
4.
If principal is ₹5000.00 and compound interest amount is ₹8052.55 for 5 year(s) computed annually, then interest is
  • ₹3054.55
  • ₹3050.55
  • ₹3053.55
  • ₹3052.55
  • ₹3051.55
Question 5
5.
If principal is ₹13000.00, no of year(s) is 2 and accumulated compound interest computed annually is ₹1060.80, then ROI per annum is
  • 3.00%
  • 5.00%
  • 6.00%
  • 4.00%
  • 2.00%
Question 6
6.
If principal is ₹8000.00, ROI is 6.00% p.a. and accumulated compound interest computed annually is ₹2099.82, then no of years is
  • 2
  • 4
  • 6
  • 5
  • 3
Question 7
7.
If principal is ₹19000.00 and compound interest amount is ₹20761.81 for 3 year(s) computed annually, then ROI per annum is
  • 2.00%
  • 1.00%
  • 4.00%
  • 5.00%
  • 3.00%
Question 8
8.
If ROI is 4.00% p.a., no of year(s) is 2 and accumulated compound interest is ₹1550.40 computed annually, then amount is
  • ₹20550.40
  • ₹20551.40
  • ₹20549.40
  • ₹20552.40
  • ₹20548.40
Question 9
9.
If principal is ₹12000.00, ROI is 5.00% p.a., no of year(s) is 4 and interest type is compound interest computed annually, then interest is
  • ₹2585.08
  • ₹2586.08
  • ₹2584.08
  • ₹2588.08
  • ₹2587.08
Question 10
10.
If principal is ₹10000.00, ROI is 3.00% p.a. and accumulated compound interest computed annually is ₹927.27, then amount is
  • ₹10928.27
  • ₹10925.27
  • ₹10927.27
  • ₹10929.27
  • ₹10926.27