Daily Practice Problems Compound Interest (Using Formula)

Question 1:

At what rate percent per annum C.I. will ₹4,000 amount to ₹4630.50 in 3 years? [Level: Easy]

Question 2

A certain sum amounts to ₹ 4000 in two years and Rs 4800 in 3 years, interest being compounded annually, the rate of interest per annum is: [Level: Moderate]

Question 3:

The compound interest earned on a sum in 2 years at 4% per annum is ₹408. The sum is: [Level: Difficult]

Question 4:

True or False:

Compound interest and the simple interest earned on a sum will be the same in the first year if the interest is compounded annually. [Level: Easy]

Question 5:

Fill in the blank: The compound interest earned on a sum in 3 years at 10% per annum is ₹_____. The sum is ₹2000.[Level: Moderate]

Question 6:

A sum of ₹3000 is invested for 3 years at a compound interest rate of 8% for the first year, 10% for the second year, and 12% for the third year. Calculate the compound interest. [Level: Difficult]

Question 7:

Calculate the compound interest on a sum of ₹1500 for 2 years at a rate of 10% per annum compounded half-yearly. [Level: Moderate]

Question 8:

A sum of ₹5000 is invested for 4 years at a compound interest rate of 6% per annum compounded annually. Find the compound interest. [Level: Moderate]

Question 9:

A sum of money is invested for 3 years at a compound interest rate of 10% for the first year, 12% for the second year, and 8% for the third year. If the compound interest is ₹560, find the principal amount.[Level: Difficult]

Question 10:

A sum of ₹1500 is invested for 2.5 years at a compound interest rate of 8% per annum compounded annually. Calculate the compound interest. [Level: Difficult]

Question 11:

Find the compound interest on a sum of $4000 for 1.5 years at a rate of 6% per annum compounded annually. [Level: Difficult]

Question 12:

Find the ratio between simple interest and compound interest earned on sum Rs 1000 at the rate of interest 20% for 2 years. [Level: Moderate]

Question 13:

A sum of money becomes Rs 22050 in 6 months at a rate of 20% per annum if the interest was compounded quarterly. Find the sum? [Level: Difficult]

Question 14:

A sum of money triples in 9 years when compounded annually. In how many years will it become 9 times itself? [Level: Difficult]

Question15:

Match the following:

A. Principal

1. Total amount after interest

B. Rate of interest

2. Time in years

C. Time

3. Percentage charged annually

D. Amount

4. Initial sum of money invested

[Level: Easy]

Question 16:

Fill in the blank:

 The compound interest earned on a sum in 3 years at 10% per annum is ₹_____. The sum is ₹2000. [Level: Moderate]

Question 17:

A sum of ₹12,000 is invested at a compound interest rate of 10% per annum. If the interest is compounded half-yearly, what will be the difference in the compound interest earned after 3 years compared to interest compounded annually? [Level: Difficult]

Question 18:

A man invested ₹10,000 in a bank at a compound interest rate of 10% per annum. If the interest is compounded annually, what will be the total amount after 1.5 years? [Level: Difficult]

Question 19:

A sum of ₹4000 is invested at a compound interest rate of 5% per annum. If the interest is compounded half-yearly, what will be the total amount after 3 years? [Level: Moderate]

Question 20:

If the compound interest for 2 years is ₹210 and the rate of interest is 10%, what is the principal amount? [Level: Moderate]

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Practicing questions plays a pivotal role in achieving excellence in exams. Just as the adage goes, "Practice makes perfect," dedicating time to solve a diverse range of exam-related questions yields manifold benefits. Firstly, practicing questions allows students to familiarize themselves with the exam format and types of problems they might encounter. This familiarity instills confidence, reducing anxiety and improving performance on the actual exam day. Secondly, continuous practice sharpens problem-solving skills and enhances critical thinking, enabling students to approach complex problems with clarity and efficiency. Thirdly, it aids in identifying weak areas, allowing students to focus their efforts on improving specific topics. Moreover, practice aids in memory retention, as active engagement with the material reinforces learning. Regular practice also hones time management skills, ensuring that students can allocate appropriate time to each question during the exam. Overall, practicing questions not only boosts exam performance but also instills a deeper understanding of the subject matter, fostering a holistic and effective learning experience.

All About Daily Practice Problems on ICSE 9 Maths Compound Interest (Using Formula) NCERT Chapter 3

Our Daily Practice Problems (DPPs) offer a diverse range of question types, including Multiple Choice Questions (MCQs) as well as short and long answer types. These questions are categorized into Easy, Moderate, and Difficult levels, allowing students to gradually progress and challenge themselves accordingly. Additionally, comprehensive solutions are provided for each question, available for download in PDF format - Download pdf solutions as well as Download pdf Questions. This approach fosters a holistic learning experience, catering to different learning styles, promoting self-assessment, and improving problem-solving skills. With our well-structured DPPs, students can excel in exams while gaining a deeper understanding of the subject matter. Hope you found the content on ICSE 9 Maths Compound Interest (Using Formula) NCERT Chapter 3 useful.

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