ICSE Board Practice

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ICSE Grade X - Compound Interest
Question 1
1.
    • If the difference of compound and simple interest on a certain principal is ₹110.37 for ROI 3.00% p.a. and no of year(s) 4 computed half yearly, then the principal =
  • ₹17001.00
  • ₹17000.00
  • ₹16999.00
  • ₹16998.00
  • ₹17002.00
Question 2
2.
A man invests a ₹11000.00 for 3 years at 6.00% p.a. compounded annually. If 6% of the accrued interest at the end of each year is deducted as income tax, find the amount he receives at the end of 3 years.
  • ₹12968.15
  • ₹12969.15
  • ₹12970.15
  • ₹12967.15
  • ₹12966.15
Question 3
3.
The population of a city is 30000. If the rate of increase in population is 2.00% per annum, what is the population after 3 year(s)?
  • 31826
  • 31846
  • 31816
  • 31856
  • 31836
Question 4
4.
If principal is ₹10000.00, ROI is 4.00% p.a., no of year(s) is 2 and interest type is compound interest computed annually, then interest is
  • ₹818.00
  • ₹815.00
  • ₹816.00
  • ₹814.00
  • ₹817.00
Question 5
5.
If ROI is 2.00% p.a., no of year(s) is 4 and accumulated compound interest is ₹580.00 computed half yearly, then amount is
  • ₹7578.00
  • ₹7581.00
  • ₹7579.00
  • ₹7580.00
  • ₹7582.00
Question 6
6.
If principal is ₹10000.00 and compound interest amount is ₹11248.64 for 3 year(s) computed annually, then ROI per annum is
  • 5.00%
  • 6.00%
  • 2.00%
  • 4.00%
  • 3.00%
Question 7
7.
    • If the compound interest on a certain principal is ₹306.04 for 3 year(s) at ROI 2.00% p.a. computed annually, then the simple interest for the same principal, terms and ROI =
  • ₹302.00
  • ₹299.00
  • ₹300.00
  • ₹301.00
  • ₹298.00
Question 8
8.
If the compound interest amount for a certain principal is ₹9274.19 for 5 year(s) at an ROI of 3.00% p.a. computed annually, then interest is
  • ₹1274.19
  • ₹1272.19
  • ₹1276.19
  • ₹1275.19
  • ₹1273.19
Question 9
9.
    • If principal is ₹6000.00, ROI is 2.00% p.a., no of year(s) is 5 computed half yearly, then the difference of compound and simple interest =
  • ₹26.73
  • ₹27.73
  • ₹25.73
  • ₹28.73
  • ₹29.73
Question 10
10.
If principal is ₹7000.00, no of year(s) is 5 and accumulated compound interest computed quarterly is ₹1128.29, then ROI per annum is
  • 4.00%
  • 3.00%
  • 2.00%
  • 1.00%
  • 5.00%