Compound Interest
Each subtopic includes About section, revision page link, 10 preview questions, and practice CTAs.
Calculating Compound Interest
SubtopicCalculating Compound Interest under Compound Interest for Grade 8 ICSE.
Preview questions (no answers)
- 1.
Calculate the amount on for years at per annum compounded annually.
A.₹30,000
B.₹30,250
C.₹31,000
D.₹29,500
- 2.
What is the compound interest on for years at per annum compounded annually?
A.₹1,500
B.₹1,576.25
C.₹1,600
D.₹1,550.50
- 3.
Find the amount when is invested for years at per annum compounded annually.
A.₹5,600
B.₹5,760
C.₹6,000
D.₹5,800
- 4.
Calculate the compound interest on for years at per annum compounded annually.
A.₹1,400
B.₹1,470
C.₹1,540
D.₹1,600
- 5.
A sum of money amounts to in 2 years at per annum compound interest. Find the principal.
A.₹5,500
B.₹6,500
C.₹6,000
D.₹5,000
- 6.
Find the compound interest on for 6 months at per annum compounded quarterly.
A.₹1,000
B.₹1,025
C.₹1,050
D.₹11,025
- 7.
Find the amount on for 3 years at per annum compounded annually.
A.₹7,000
B.₹7,200
C.₹7,290
D.₹7,500
- 8.
The difference between the compound interest and the simple interest on a certain sum for years at per annum is . Find the sum.
A.B.C.D. - 9.
A man invested at compound interest. If the rates for the two successive years are and , find the total interest.
A.B.C.D. - 10.
Calculate the compound interest on for years at per annum compounded annually.
A.B.C.D.
Download the worksheet for Compound Interest - Calculating Compound Interest to practice offline. It includes additional chapter-level practice questions.
Formula for Compound Interest
SubtopicFormula for Compound Interest under Compound Interest for Grade 8 ICSE.
Preview questions (no answers)
- 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.
What is the amount on for year at per annum, compounded annually?
A.B.C.D. - 3.
If the rate of interest is per half-year, what is the equivalent annual rate of interest?
A.B.C.D. - 4.
Find the compound interest on for year at per annum, compounded half-yearly.
A.B.C.D. - 5.
Find the compound interest on for years at per annum compounded annually.
A.B.C.D. - 6.
In how many years will amount to at per annum simple interest? (Note: Find time and then calculate the Compound Interest on for that time at p.a.)
A.B.C.D. - 7.
A refrigerator is purchased for . Its value depreciates at the rate of per annum. What will be its value at the end of years?
A.B.C.D. - 8.
The value of a painting appreciates by in the first year and in the second year. If its value after years is , find its original value.
A.B.C.D. - 9.
A man borrows at compound interest. He pays back at the end of each year. How much does he owe at the beginning of the rd year?
A.B.C.D. - 10.
Calculate the compound interest on for months at per annum compounded quarterly.
A.B.C.D.
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
SubtopicApplications in Growth and Depreciation under Compound Interest for Grade 8 ICSE.
Preview questions (no answers)
- 1.
The price of a certain book increases at the rate of per annum. If its present price is ₹, find its price after year.
A.₹
B.₹
C.₹
D.₹
- 2.
A farm produces of grain. If production increases by next year, how much grain will be produced?
A.B.C.D. - 3.
The population of a city was . It increased by in the first year and decreased by in the second year. What is the population after years?
A.B.C.D. - 4.
The value of a gym equipment depreciates at per year. If the equipment costs ₹, find its value after year.
A.₹
B.₹
C.₹
D.₹
- 5.
The value of an antique clock increases by every year. If its value after years is ₹, what was its original value?
A.₹
B.₹
C.₹
D.₹
- 6.
The population of a city increases by per annum. If the present population is , what was it years ago?
A.B.C.D. - 7.
A machine depreciates at the rate of p.a. for years and then p.a. for the third year. If the original cost was ₹, find its value after years.
A.₹
B.₹
C.₹
D.₹
- 8.
The population of a city is . If the birth rate is , the death rate is , and of the population migrates out every year, find the population after years.
A.B.C.D. - 9.
A tree grows such that its height at the end of a year is times the height at the beginning of the year. If the height increases by cm in years, what was the initial height?
A.cm
B.cm
C.cm
D.cm
- 10.
The price of a refrigerator is . Its value depreciates by p.a. If its value after years is , find .
A.B.C.D.
Download the worksheet for Compound Interest - Applications in Growth and Depreciation to practice offline. It includes additional chapter-level practice questions.