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Compound Interest

Each subtopic includes About section, revision page link, 10 preview questions, and practice CTAs.

Calculating Compound Interest

Subtopic

Calculating Compound Interest under Compound Interest for Grade 8 ICSE.

About Topic & Revision

Preview questions (no answers)

  1. 1.

    Calculate the amount on ₹25,000₹25,000 for 22 years at 10%10\% per annum compounded annually.

    A.

    ₹30,000

    B.

    ₹30,250

    C.

    ₹31,000

    D.

    ₹29,500

  2. 2.

    What is the compound interest on ₹10,000₹10,000 for 33 years at 5%5\% per annum compounded annually?

    A.

    ₹1,500

    B.

    ₹1,576.25

    C.

    ₹1,600

    D.

    ₹1,550.50

  3. 3.

    Find the amount when ₹4,000₹4,000 is invested for 22 years at 20%20\% per annum compounded annually.

    A.

    ₹5,600

    B.

    ₹5,760

    C.

    ₹6,000

    D.

    ₹5,800

Download the worksheet for Compound Interest - Calculating Compound Interest to practice offline. It includes additional chapter-level practice questions.

Formula for Compound Interest

Subtopic

Formula for Compound Interest under Compound Interest for Grade 8 ICSE.

About Topic & Revision

Preview questions (no answers)

  1. 1.

    The time period after which interest is calculated and added to the principal is called the:

    A.

    Interest period

    B.

    Conversion period

    C.

    Principal period

    D.

    Annual period

  2. 2.

    What is the amount on ₹1,100₹1,100 for 11 year at 10%10\% per annum, compounded annually?

    A.

    ₹1,200₹1,200

    B.

    ₹1,110₹1,110

    C.

    ₹1,210₹1,210

    D.

    ₹1,150₹1,150

  3. 3.

    If the rate of interest is R%R\% per half-year, what is the equivalent annual rate of interest?

    A.

    R2%\frac{R}{2}\%

    B.

    R%R\%

    C.

    2R%2R\%

    D.

    4R%4R\%

Download the worksheet for Compound Interest - Formula for Compound Interest to practice offline. It includes additional chapter-level practice questions.

Applications in Growth and Depreciation

Subtopic

Applications in Growth and Depreciation under Compound Interest for Grade 8 ICSE.

About Topic & Revision

Preview questions (no answers)

  1. 1.

    The price of a certain book increases at the rate of 5%5\% per annum. If its present price is ₹400400, find its price after 11 year.

    A.

    ₹405405

    B.

    ₹420420

    C.

    ₹410410

    D.

    ₹450450

  2. 2.

    A farm produces 400 kg400\text{ kg} of grain. If production increases by 25%25\% next year, how much grain will be produced?

    A.

    500 kg500\text{ kg}

    B.

    450 kg450\text{ kg}

    C.

    550 kg550\text{ kg}

    D.

    600 kg600\text{ kg}

  3. 3.

    The population of a city was 10,00010,000. It increased by 10%10\% in the first year and decreased by 10%10\% in the second year. What is the population after 22 years?

    A.

    10,00010,000

    B.

    11,00011,000

    C.

    9,9009,900

    D.

    9,0009,000

Download the worksheet for Compound Interest - Applications in Growth and Depreciation to practice offline. It includes additional chapter-level practice questions.