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ICSE Grade VIII - Compound Interest
Question
1
1.
If principal is ₹12000.00, no of year(s) is 2 and accumulated compound interest computed annually is ₹1483.20, then amount is
₹13483.20
₹13482.20
₹13481.20
₹13485.20
₹13484.20
Question
2
2.
If P = Principal, n = no of terms, R = rate of interest, formula for amount at compound interest is
P
[
1
+
PR
100
]
n
P
[
1
+
R
100
]
n
P
[
1
−
R
100
]
n
P
[
1
+
100
P
]
n
P
[
1
+
100
PR
]
n
Question
3
3.
If principal is ₹17000.00, ROI is 8.00% p.a. and accumulated compound interest computed annually is ₹2828.80, then amount is
₹19829.80
₹19830.80
₹19826.80
₹19828.80
₹19827.80
Question
4
4.
If ROI is 5.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹3591.66 computed annually, then principal is
₹13000.00
₹13001.00
₹12998.00
₹12999.00
₹13002.00
Question
5
5.
If ROI is 7.00% p.a., no of year(s) is 4 and accumulated compound interest is ₹5283.53 computed annually, then amount is
₹22281.53
₹22282.53
₹22285.53
₹22283.53
₹22284.53
Question
6
6.
If principal is ₹20000.00 and compound interest amount is ₹22898.00 for 2 year(s) computed annually, then interest is
₹2896.00
₹2900.00
₹2898.00
₹2897.00
₹2899.00
Question
7
7.
If principal is ₹11000.00, ROI is 6.00% p.a., no of year(s) is 3 and interest type is compound interest computed annually, then amount is
₹13101.18
₹13103.18
₹13099.18
₹13102.18
₹13100.18
Question
8
8.
If principal is ₹18000.00, ROI is 5.00% p.a., no of year(s) is 2 and interest type is compound interest computed annually, then interest is
₹1846.00
₹1847.00
₹1845.00
₹1844.00
₹1843.00
Question
9
9.
If principal is ₹15000.00, no of year(s) is 4 and accumulated compound interest computed annually is ₹3232.59, then ROI per annum is
3.00%
6.00%
7.00%
5.00%
4.00%
Question
10
10.
If principal is ₹18000.00, ROI is 4.00% p.a. and accumulated compound interest computed annually is ₹2247.55, then no of years is
3
1
2
5
4
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