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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
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