MEDIUM
9th ICSE
IMPORTANT
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Rachit bought a flat for ₹10 lakh and a car for ₹3,20,000 at the same time. The price of the flat appreciates uniformly at the rate of 20% p.a., while the price of the car depreciates at the rate of 15% p.a. If Rachit sells the flat and car after 3 years, what will be his profit or loss? Write the answer in ₹.

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Important Questions on Compound Interest

MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Exercise>Q 10
8,000 workers were employed by a company to complete a job in 4 years. At the end of first year, 5% of the workers were retrenched. At the end of second year, 5% of those working at that time were retrenched. However, to complete the job in time, the number of workers was increased by 10% of those working at the end of third year. How many workers were working during the fourth year?
MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 1
Nikita invests ₹6,000 for two years at a certain rate of interest compounded annually. At the end of first year it amounts to ₹6,720. Calculate the rate of interest in percentage per annum.
 
MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 1

Nikita invests ₹6,000 for two years at a certain rate of interest compounded annually. At the end of first year it amounts to ₹6,720. Calculate the amount at the end of the second year in ₹ in decimal.

MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 2
Rohit borrows ₹86,000 from Arun for two years at 5% per annum simple interest. He immediately lends out this money to Akshay at 5% compound interest compounded annually for the same period. Calculate Rohit’s profit in the transaction at the end of two years.  Give the answer in ₹.
 
MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 3
Mr. Kumar borrowed ₹15,000 for 2 years. The rate of interest for the two successive years are 8% and 10% respectively. If he repays ₹6,200 at the end of the first year, find the outstanding amount at the end of the second year. Give the answer in ₹.
MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 4
In k years ₹12,000 yield ₹3,972 as compound interest at 10% per annum, if compounded on an yearly basis, then find the value of k.
 
MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 5
On what sum of money will the difference between the compound interest and simple interest for 2 years be equal to ₹25 if the rate of Interest charged for both is 5%? Give the answer in ₹.
MEDIUM
9th ICSE
IMPORTANT
ICSE Mathematics>Chapter 2 - Compound Interest>Chapter Test>Q 6
A sum of ₹12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become