Daily Practice Problems Compound Interest (Without Using Formula)

Question 1:

Find the amount and the compound interest on ₹ 10000 at 15% per annum for 2 years. [Level: Easy]

Question 2

A certain sum amounts to Rs 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:

Find the compound interest on Rs 10,000 at 10% per annum and in 1 year; interest being compounded half-yearly. [Level: Moderate]

Question 4:

What is the difference between the compound interest and simple interest on Rs 8000 at 16 per cent per annum and in 2 years. [Level: Difficult]

Question 5:

Mrs. Smitha invested ₹ 5000 at a certain rate of interest, compounded annually for two years. At the end of first year, it amounts to ₹ 5500. Calculate

(i) the rate of interest.

(ii) the amount at the end of the second year, to the nearest rupee. [Level: Moderate]

Question 6:

Find the compound interest (CI) on Rs. 6,300 for 2 years at 10% per annum compounded annually. [Level: Easy]

Question 7:

Find the compound interest (CI) on Rs. 50,000 for 2 years at 20% per annum compounded half yearly. [Level: Easy]

Question 8:

Calculate the compound interest for the second year on ₹ 8000 for three years at 10% p.a. Also find the sum due at the end of third year. [Level: Moderate]

Question 9:

The simple interest on a sum of money for 3 years at 10% per annum is

₹ 3000. Find:

(i) the sum of money.

(ii) the compound interest on this sum for three years payable annually at the same rate. [Level: Difficult]

Question 10:

A certain sum of money is put at compound interest, compounded annually. If the interest for two successive years are Rs 1000 and Rs 1200, find the rate of interest. [Level: Easy]

Question 11:

Find the rate of interest if 10000 amounts to 12100 in 2 years? [Level: Easy]

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 becomes 11616 in 1 year at a rate of 16% per annum if the interest was compounded half yearly. Find the sum. [Level: Difficult]

Question15:

Manu invests Rs 48,000 for 7 years at 10% per annum compound interest. Find the interest for first and second year. [Level: Moderate]

Question 16:

Mr. Ashok invested ₹ 10,000 at a certain rate of interest, compounded annually for two years. At the end of first year, it amounts to ₹ 10650. Calculate

(i) the rate of interest.

(ii) the amount at the end of the second year, to the nearest rupee. [Level: Difficult]

Question 17:

A certain sum of money is put at compound interest, compounded half yearly. If the interest for two successive half-years are Rs 1000 and Rs 1100, find the rate of interest. [Level: Moderate]

Question 18:

If S.I on a certain sum is Rs 2400 in 6 years; the S.I on the sum for 1 year will be __________. [Level: Easy]

Question 19:

Find the sum on which the difference between the simple interest and the compound interest at the rate of 5% per annum compounded annually be Rs 32 in 2 years. [Level: Difficult]

Question 20:

A person invests ₹ 10000 for two years at a certain rate of interest, compounded annually. At the end of one year this sum amounts to ₹ 11200. Calculate the rate of interest per annum. [Level: Moderate]

**********

Problem-solving on ICSE 9 Maths Compound Interest (Without Using Formula) NCERT Chapter 2 after learning a theoretical concept is crucial for several reasons:

Application of Knowledge: Problem-solving allows you to apply the theoretical concepts of the topic ICSE 9 Maths Compound Interest (Without Using Formula) you have learned to real-life situations. It helps you bridge the gap between abstract knowledge and practical scenarios, making the learning more relevant and meaningful.
Understanding Deeper Concepts: When you encounter problems related to a theoretical concept that you learned in ICSE 9 Maths Compound Interest (Without Using Formula) NCERT Chapter 2, you are forced to delve deeper into its intricacies. This deeper understanding enhances your comprehension of the subject and strengthens your grasp of the underlying principles.
Critical Thinking: Problem-solving encourages critical thinking and analytical skills. It requires you to analyze the problem, identify relevant information, and devise a logical solution. This process sharpens your mind and improves your ability to approach complex challenges effectively.
Retention and Recall: Actively engaging in problem-solving reinforces your memory and improves long-term retention. Applying the concepts learned in Compound Interest (Without Using Formula) ICSE 9 Maths in practical scenarios helps you remember them better than passive reading or memorization.
Identifying Knowledge Gaps: When you attempt to solve problems, you may encounter areas where your understanding is lacking. These knowledge gaps become evident during problem-solving, and you can then focus on filling those gaps through further study and practice. You can refer Compound Interest (Without Using Formula) ICSE 9 Maths Notes on LearnoHub.com
Boosting Confidence: Successfully solving problems after learning a theoretical concept boosts your confidence in your abilities to handle Compound Interest (Without Using Formula). This confidence motivates you to tackle more challenging tasks and improves your overall performance in the subject.
Preparation for Exams and Challenges: Many exams, especially in science, mathematics, and engineering, involve problem-solving tasks. Regular practice in problem-solving prepares you to face these exams with confidence and perform well. It is also advised to take tests on Compound Interest (Without Using Formula) ICSE 9 Maths Online Tests at LearnoHub.com.
Enhancing Creativity: Problem-solving often requires thinking outside the box and exploring various approaches. This fosters creativity and innovation, enabling you to come up with novel solutions to different problems.
Life Skills Development: Problem-solving is a valuable life skill that extends beyond academics. It equips you with the ability to tackle various challenges you may encounter in personal and professional life.
Improving Decision Making: Problem-solving involves making decisions based on available information and logical reasoning. Practicing problem-solving enhances your decision-making skills, making you more effective in making informed choices.

In summary, problem-solving after learning a theoretical concept on CBSE Compound Interest (Without Using Formula) ICSE 9 Maths is an essential part of the learning process. It enhances your understanding, critical thinking abilities, and retention of knowledge. Moreover, it equips you with valuable skills that are applicable in academic, personal, and professional contexts.

You must have heard of the phrase “Practice makes a man perfect”. Well, not just a man, practice indeed enhances perfection of every individual.

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 (Without Using Formula) NCERT Chapter 2

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 (Without Using Formula) NCERT Chapter 2 useful.

Last but not least, to get the best hold on ICSE 9 Maths Compound Interest (Without Using Formula) NCERT Chapter 2, do not forget to check out:

Compound Interest (Without Using Formula) ICSE 9 Maths Best videos
Compound Interest (Without Using Formula) ICSE 9 Maths NCERT Solutions
ICSE 9 Maths Compound Interest (Without Using Formula) Revision notes
Compound Interest (Without Using Formula) ICSE 9 Maths DPPs, Download PDF of solutions
ICSE 9 Maths Compound Interest (Without Using Formula) Online Tests
ICSE 9 Maths Sample papers