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Mathematics

9th

grade

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UNDERSTANDING ICSE MATHEMATICS QUIZ Compound Interest 2.1 2.

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  • 1. Open Ended
    2 minutes
    1 pt

    Find the amount and the Compound Interest on rs.7000 At 5%p.a for 2 years

  • 2. Multiple Choice
    1 minute
    1 pt

    A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1stJanuary and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

    120

    122

    12300

    121

  • 3. Multiple Choice
    2 minutes
    1 pt

    On a certain sum the compound interest for 2 year is Rs. 2172. If the rates of interest for successive years are 6% and 8% per year then find the sum.

    Rs.1243

    Rs.15001

    Rs.15000

    none

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