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Class IX
Class X
ICSE Grade IX - 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
−
R
100
]
n
P
[
1
+
PR
100
]
n
P
[
1
+
100
P
]
n
P
[
1
+
R
100
]
n
P
[
1
+
100
PR
]
n
Question
2
2.
If principal is ₹16000.00, ROI is 6.00% p.a. and accumulated compound interest computed quarterly is ₹2023.88, then amount is
₹18022.88
₹18023.88
₹18021.88
₹18024.88
₹18025.88
Question
3
3.
If principal is ₹14000.00, no of year(s) is 3 and accumulated compound interest computed annually is ₹1298.18, then amount is
₹15300.18
₹15297.18
₹15299.18
₹15298.18
₹15296.18
Question
4
4.
If ROI is 4.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹2862.47 computed quarterly, then amount is
₹15860.47
₹15862.47
₹15861.47
₹15864.47
₹15863.47
Question
5
5.
If ROI is 6.00% p.a., no of year(s) is 5 and accumulated compound interest is ₹5749.83 computed annually, then principal is
₹17002.00
₹17001.00
₹17000.00
₹16999.00
₹16998.00
Question
6
6.
If the compound interest amount for a certain principal is ₹24628.79 for 3 year(s) at an ROI of 7.00% p.a. computed quarterly, then principal is
₹20002.00
₹20001.00
₹20000.00
₹19998.00
₹19999.00
Question
7
7.
If principal is ₹9000.00, ROI is 8.00% p.a., no of year(s) is 2 and interest type is compound interest computed half yearly, then amount is
₹10528.73
₹10526.73
₹10530.73
₹10529.73
₹10527.73
Question
8
8.
If principal is ₹15000.00, no of year(s) is 4 and accumulated compound interest computed half yearly is ₹2574.89, then ROI per annum is
3.00%
4.00%
2.00%
5.00%
6.00%
Question
9
9.
If principal is ₹12000.00 and compound interest amount is ₹14059.91 for 4 year(s) computed half yearly, then interest is
₹2057.91
₹2059.91
₹2058.91
₹2060.91
₹2061.91
Question
10
10.
If the compound interest on a certain principal is ₹1231.98 for 2 year(s) at ROI 3.00% p.a. computed quarterly, then what is the compound interest for the same principal at 4.00% p.a. ROI and duration 3 year(s)?
₹2534.50
₹2538.50
₹2536.50
₹2537.50
₹2535.50
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