Test Details

Simple and Compound Interest

Study point

Mar 28, 4:05 PM

60 minutes

Mar 29, 5:00 PM

55.0 marks

MCQ

17 questions

STUDY POINT CBSE ICSE

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Class Details

Maths

Science

Sst

ENG

Hindi

Computer

Class :8

Maths

Science

Sst

ENG

Hindi

Computer

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Question Text

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

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

Question 3 :
If the number of conversion periods ≥ 2, then compound interest is

Question 4 :
The compound interest on ₹10000 at 8% per annum for 6 months compounded quarterly is

Question 5 :
The compound interest on ₹5000 at 20% per annum for {tex}1 \frac{1}{2}{/tex} years compounded half yearly is

Question 6 :
What Sum of money lent at 12 1 ⁄ 2 % per annum will produce the same interest in 4 years as ₹8560 produces in 5 years at 12% per annum?

Question 7 :
Akshay lends a Sum of money for 10 years at 5% Simple Interest. Bobby lends double that Amount for 5 years at the same Rate of interest. Which statement is true?

Question 8 :
What is the Simple Interest on ₹6240 at 6 2 ⁄ 3 % per annum for the period from December 28, 2011 to May 22, 2012?

Question 9 :
What is the Amount on ₹1625 for 2 years 8 months at 7 1 ⁄ 2 % per annum?

Question 10 :
Karim took a loan of ₹25,000 from Corporation Bank at 12% per annum compounded annually. How much amount will he pay at the end of 3 years?

Question 11 :
A computer is bought for ₹1,80,400. What is the value after 2 years if its value depreciates at the rate of 10% per annum?

Question 12 :
If we are to divide a Sum of ₹13,500 into two parts such that if one part is lent as 8 1 ⁄ 3 % per annum for 2 years 9 months and the other at 7 1 ⁄ 2 % per annum for 1 year 8 months. What are the two parts if the total interest received is ₹2375?

Question 13 :
Two equal Sums of money were lent at Simple Interest at 11% p.a for 3 1 ⁄ 2 years and 4 1 ⁄ 2 years. If the difference in interest for two periods was ₹412.50. What is the Sum?

Question 14 :
If the Principal Amount equals ₹8600 and Time taken from 18th October 2016 to 13th March 2017 at 8% per annum. What is the Simple Interest ?

Question 15 :
What Sum will Amount to ₹5556 in 2 years 4 months at 6 3 ⁄ 4 % per annum Simple Interest?

Question 16 :
Rahul lent ₹6,000 to Martin for 2 years and ₹1500 to Ali for 4 years and received altogether from both ₹900 as Simple Interest. What is the rate of interest?

Question 17 :
Two equal Sums of money are deposited in two banks, each at 15% per annum for 3 1 ⁄ 2 years and 5 years. If the difference between their interest is ₹144. What is the Sum?

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