Simple and Compound Interest - ICSE STD 8 MATHS Questions

18

Questions

3

Question groups

5

Question types

TRUE / FALSE

fill in the blanks.

MCQ

Sample Questions

Simple and Compound Interest questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 1TRUE / FALSE1 Mark

If the interest is compounded quarterly then there are $2$ conversion periods in a year.

View full solution →

Q 2TRUE / FALSE1 Mark

The time from one specified interest period to the next period is called conversion period.

View full solution →

Q 3TRUE / FALSE1 Mark

In compound interest, the principal remains constant for the whole period.

View full solution →

Q 4TRUE / FALSE1 Mark

Compound interest is calculated on the amount of the previous year.

View full solution →

Q 5TRUE / FALSE1 Mark

The interest paid by the banks, post offices, insurance companies is simple interest.

View full solution →

Q 6fill in the blanks.1 Mark

If the interest is compounded semi$-$annually then semi$-$annually rate is $…………$ of annual rate.

View full solution →

Q 7fill in the blanks.1 Mark

The time after which the interest is added each time to form a new principal is called $…………$

View full solution →

Q 8fill in the blanks.1 Mark

In compound interest the $…………$ goes on changing every conversion period.

View full solution →

Q 9fill in the blanks.1 Mark

In simple interest, the principal $…………$ for the whole loan period.

View full solution →

Q 10fill in the blanks.1 Mark

the additional money paid by the borrower to the moneylender in lieu of the money used is called $…………$

View full solution →

Q 11MCQ1 Mark

The time in which $₹.6000$ amounts to $₹.7986$ at $10\%\ p.a.$ compounded annually is

A
$2$ years
✓
$3$ years
C
$4$ years
D
$5$ years

Answer: B.

View full solution →

Q 12MCQ1 Mark

If the number of conversion periods $\geq 2$, then compound interest is

A
less than or equal to simple interest
B
greater than or equal to simple interest
C
less than simple interest
✓
greater than simple interest

Answer: D.

View full solution →

Q 13MCQ1 Mark

If $₹.12000 $ taken for $2$ years at $4\%$ per annum compounded quarterly, then time period and rate is

A
$n = 2, R = 16\%$
B
$n = 4, R = 1 \%$
✓
$n = 8, R = 1\%$
D
$n = 8, R = 16\%$

Answer: C.

View full solution →

Q 14MCQ1 Mark

The time periods and rate for a sum taken at $8 \%$ p.a. for $1 \frac{1}{2}$ years compounded half yearly are

✓
$n=3, R=4 \%$
B
$n=6, R=2 \%$
C
$n=3, R=2 \%$
D
$n=6, R=4 \%$

Answer: A.

View full solution →

Q 15MCQ1 Mark

The compound interest on $₹.10000$ at $8\%$ per annum for $6$ months compounded quarterly is

A
$₹.408$
✓
$₹.10404$
C
$₹.404$
D
$₹.400$

Answer: B.

View full solution →

Browse all question groups ↑

Generate Paper Free All MATHS chapters

Simple and Compound Interest question types

Simple and Compound Interest questions

Generate a Simple and Compound Interest paper free

Simple and Compound Interest MATHS - Simple and Compound Interest

Simple and Compound Interest question types

Simple and Compound Interest questions

Generate a Simple and Compound Interest paper free