ICSE Board Practice

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