ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Objective Type Questions>Q 8

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8th ICSE

IMPORTANT

Earn 100

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

50% studentsanswered this correctly

Important Questions on Simple and Compound Interest

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8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Objective Type Questions>Q 9

The time in which

₹ 6000

amounts to

₹ 7986

at

10 % p . a .

compounded annually is

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8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Value Based Questions

A person wants to invest

₹ 100000

in fixed deposit scheme for

2

years. His financial advisor explained him two type of schemes first is yielding

10 % p . a .

compounded annually, second is yielding

10 % p . a .

compounded semi-annually. Which scheme is better and why? Why investment is important for future life?

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IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Higher Order Thinking Skills(HOTS)>Q 1

A certain sum of money is invested at the rate of

5 %

per annum compound interest, the interest compounded annually. If the difference between the interests of third year and first year is

₹ 102.50

. Find the sum.

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IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Higher Order Thinking Skills(HOTS)>Q 2

The difference between the compound interest and the simple interest on $₹ 42000$ for two years is $₹ 105$ at the same rate of interest per annum. Find

the rate of interest

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8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Higher Order Thinking Skills(HOTS)>Q 2

The difference between the compound interest and the simple interest on $₹ 42000$ for two years is $₹ 105$ at the $5 %$ rate of interest per annum. Find the compound interest earned in second year.

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IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Check Your Progress>Q 1

Find the amount and the compound interest on

₹ 5000

for

2

years at

6 %

per annum, interest payable yearly.

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Check Your Progress>Q 2

Find the amount and the compound interest on

₹ 7400

for

1

year at

5 %

per annum, interest payable half yearly.

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Check Your Progress>Q 3

Find the difference between C.I. and S.I. on sum of

₹ 5000

for

2

years at

8 %

per annum payable yearly.