ICSE Board Practice

Class VI Class VII Class VIII Class IX Class X
ICSE Grade IX - Compound Interest
Question 1
1.
A man borrows a ₹5000.00 at 4.00% p.a. compounded annually. If he repays ₹2600.00 at the end of year 1 ,₹676.00 at the end of year 2 , how much loan is outstanding against him at the beginning of the year 3.
  • ₹2027.00
  • ₹2026.00
  • ₹2028.00
  • ₹2029.00
  • ₹2030.00
Question 2
2.
If principal is ₹14000.00, no of year(s) is 3 and accumulated compound interest computed annually is ₹3150.60, then amount is
  • ₹17151.60
  • ₹17149.60
  • ₹17152.60
  • ₹17150.60
  • ₹17148.60
Question 3
3.
If principal is ₹7000.00 and compound interest amount is ₹8125.28 for 3 year(s) computed quarterly, then ROI per annum is
  • 5.00%
  • 4.00%
  • 3.00%
  • 7.00%
  • 6.00%
Question 4
4.
If ROI is 7.00% p.a., no of year(s) is 3 and accumulated compound interest is ₹4628.79 computed quarterly, then principal is
  • ₹20001.00
  • ₹20002.00
  • ₹20000.00
  • ₹19999.00
  • ₹19998.00
Question 5
5.
    • If the compound interest on a certain principal is ₹430.64 for 3 year(s) at ROI 2.00% p.a. computed half yearly, then what is the compound interest for the same principal at 6.00% p.a. ROI and duration 5 year(s)?
  • ₹2406.41
  • ₹2408.41
  • ₹2407.41
  • ₹2409.41
  • ₹2405.41
Question 6
6.
A man invests a ₹18000.00 for 5 years at 7.00% p.a. compounded annually. If 10% of the accrued interest at the end of each year is deducted as income tax, find the amount he receives at the end of 5 years.
  • ₹24431.86
  • ₹24428.86
  • ₹24429.86
  • ₹24430.86
  • ₹24432.86
Question 7
7.
    • If the compound interest on a certain principal is ₹1773.03 for 5 year(s) at ROI 3.00% p.a. computed quarterly, then what is the compound interest for the same principal and ROI for 2 year(s)?
  • ₹676.59
  • ₹678.59
  • ₹677.59
  • ₹679.59
  • ₹675.59
Question 8
8.
    • If the compound interest on a certain principal is ₹426.30 for 2 year(s) at ROI 3.00% p.a. computed annually, then what is the compound interest for the same principal and duration at 4.00% p.a. ROI?
  • ₹571.20
  • ₹569.20
  • ₹573.20
  • ₹572.20
  • ₹570.20
Question 9
9.
    • If the difference of compound and simple interest on a certain principal is ₹138.37 for ROI 4.00% p.a. and no of year(s) 4 computed quarterly, then the principal =
  • ₹11002.00
  • ₹11001.00
  • ₹11000.00
  • ₹10998.00
  • ₹10999.00
Question 10
10.
If principal is ₹5000.00, ROI is 5.00% p.a., no of year(s) is 2 and interest type is compound interest computed half yearly, then amount is
  • ₹5519.06
  • ₹5518.06
  • ₹5521.06
  • ₹5520.06
  • ₹5517.06