Question types

Compound Interest question types

151 questions across 5 question groups — pick any mix to generate a MATHEMATICS paper with step-by-step answer keys.

151
Questions
5
Question groups
5
Question types
Sample Questions

Compound Interest questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

A sum of ₹12,500 is deposited for $1 \frac{1}{2}$ years, compounded half yearly. It amounts to ₹13,000 at the end of first half year. Find:
(i) The rate of interest
(ii) The final amount. Give your answer correct to the nearest rupee.
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The simple interest on a sum of money at 12% per annum for 1 year is ₹ 900 . Find :
(i) the sum of money and
(ii) the compound interest on this sum for 1 year, payable half-yearly at the same rate.
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Q 6[3 marks sum]3 Marks
The count of bacteria in a culture grows by 10% during first hour, decreases by 8% during second hour and again increases by 12% during third hour. If the count of bacteria in the sample is 13125000, what will be the count of bacteria after 3 hours?
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Q 7[3 marks sum]3 Marks
A mango tree was planted 2 years ago. The rate of its growth is 20% per annum. If at present, the height of the tree is 162 cm, what it was when the tree was planted?
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Q 8[3 marks sum]3 Marks
The population of a town is increasing at the rate of 10% per annum. If its present population is 36300, find:
(i) its population after 2 years,
(ii) its population 2 years ago.
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Q 9[3 marks sum]3 Marks
The value of a machine depreciates 10% annually. Its present value is ₹64800. Find:
(i) its value after 2 years,
(ii) its value 2 years ago.
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Q 10[3 marks sum]3 Marks
Amit started a shop by investing ₹500000. In the first year, he incurred a loss of 5%. However, during the second year, he earned a profit of 10% which in the third year rose to 12%. Calculate his net profit for the entire period of three years.
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Q 11[4 marks sum]4 Marks
Two years ago, the population of a village was 4000. During next year it increased by 6% but due to an epidemic, it decreased by 5% in the following year. What is its population now?
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Q 12[4 marks sum]4 Marks
The population of a town is 64000. If the annual birth rate is 11.7% and the annual death rate is 4.2%, calculate the population of the town after 3 years.
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Q 13[4 marks sum]4 Marks
A farmer has an increase of 12.5% in the output of wheat in his farm every year. This year, he produced 2916 quintals of wheat. What was his annual production of wheat 2 years ago?
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Q 14[4 marks sum]4 Marks
The present population of a town is 176400. If the rate of growth in its population is 5% per annum, find:
(i) its population 2 years hence,
(ii) its population one year ago.
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Q 15[4 marks sum]4 Marks
The value of a machine depreciates at the rate of $16 \frac{2}{3} \%$ per annum. It was purchased 3 years ago. If its present value is ₹ 62500, find its purchase price.
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Q 16[5 marks sum]5 Marks
Three years ago, the population of a city was 50000. If the annual increase during three successive years be 5%, 8% and 10% respectively, find the present population of the city.
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Q 17[5 marks sum]5 Marks
A town has 15625 inhabitants. If the population of this town increases at the rate of 4% per annum, find the number of inhabitants of the town at the end of 3 years.
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Q 18[5 marks sum]5 Marks
The difference between the compound interest for 1 year, compounded half-yearly and the simple interest for 1 year on a certain sum of money at 10% per annum is ₹360. Find the sum.
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Q 19[5 marks sum]5 Marks
The difference between the simple interest and the compound interest on a sum of money for 3 years at 10% per annum is ₹558. Find the sum.
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Q 20[5 marks sum]5 Marks
Case Study : In 2015, the population of a town was 20000. During 2016 and 2017, it increases by 4% and 5% every year respectively. In 2018, due to an epidemic and migration to cities, the population decreases at 5%.
Based on the above information answer the following questions:
Q.1. The population of the town in 2016 was:
(a) 20800 (b) 20500 (c) 20460 (d) 20300
Q.2. The difference in the population of the town at the end of the years 2017 and 2015 was:
(a) 1500 (b) 1700 (e) 1800 (d) 1840
Q.3. The population of the town at the end of the year 2018 was:
(a) 20100 (b) 20500 (c) 20748 (d) 20850
Q.4. Which of the following expressions gives the population at the end of the year 2018?
(a) $20000 \quad \frac{104}{100} \quad \frac{105}{100} \quad \frac{105}{100}$
(b) $20000 \quad \frac{104}{100} \quad \frac{105}{100} \quad \frac{95}{100}$
(c) $20000 \quad \frac{104}{100} \quad \frac{95}{100} \quad \frac{95}{100}$
(d) $20000 \quad \frac{96}{100} \quad \frac{95}{100} \quad \frac{95}{100}$
Q.5. If the population of the town at the end of 2019 was 21163, then during 2019, the population increases at the rate of:
(a) 2% (b) 3% (c) 3.5% (d) 4%
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Q 21MCQ1 Mark
The value of a machine depreciates every year at a constant rate. If the values of the machine in 2006 and 2008 are ₹25,000 and ₹19,360 respectively, then the annual rate of depreciation is:
  • A
    8%
  • B
    10%
  • 12%
  • D
    14%

Answer: C.

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Q 22MCQ1 Mark
A machine depreciates at the rate of 12% of its value at the beginning of a year. The machine was purchased for ₹ 10,000 and is sold for ₹7,744. The number of years, that the machine was used is:
  • 2
  • B
    4
  • C
    6
  • D
    8

Answer: A.

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Q 23MCQ1 Mark
The present population of a town is 2,00,000. The population will increase by 10% in the first year and 15% in the second year. The population of the town after two years will be:
  • 2,53,000
  • B
    2,35,000
  • C
    2,03,500
  • D
    3,52,000

Answer: A.

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Q 24MCQ1 Mark
A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is ₹8000, its value after 3 years will be:
  • A
    ₹ 5382
  • ₹ 5832
  • C
    ₹ 5238
  • D
    ₹ 5638

Answer: B.

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Q 25MCQ1 Mark
In what time will ₹5000 amount to ₹5832 at 8% rate of compound interest p.a.?
  • 2 years
  • B
    4 years
  • C
    6 years
  • D
    8 years

Answer: A.

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