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Compound Interest Maths - Compound Interest

Maharashtra Board - STD 8 - Maths (MSBSHSE - English Medium). 77 questions in this chapter.

Question types

Compound Interest question types

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

77
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.

Q 13 Mark Question3 Marks
Three years ago, Beeru purchased a buffalo from Surjeet for Rs. 11000. What payment will discharge his debt now, the rate of interest being 10% per annum, compounded annually?
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Q 33 Mark Question3 Marks
Three years ago, the population of a town was 50000. If the annual increase during three successive years be at the rate of 5%, 4% and 3% respectively, what is its present population?
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Q 43 Mark Question3 Marks
A car is purchased for Rs. 348000. Its value depreciates at 10% per annum during the first year and at 20% per annum during the second year. What will be its value after 2 years?
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Q 65 Mark Question5 Marks
The difference between the compound interest and the simple interest on a certain sum for 3 years at 10% per annum is Rs. 93. Find the sum.
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Q 75 Mark Question5 Marks
Neeraj lent Rs. 65536 for 2 years at $12\frac{1}{2}\%$ per annum, compounded annually. How much more could he earn if the interest were compounded half-yearly?
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Q 8MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: If the compound interest on a sum for $2$ years at $12\frac{1}{2}\%$ per annum is $Rs. 510,$ the simple interest on the same sum at the same rate for the same period of time is.
  • A
    $Rs. 400$
  • B
    $Rs. 450$
  • C
    $Rs. 460$
  • ✓
    $Rs. 480$

Answer: D.

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Q 9MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following:
A sum of $Rs. 25000$ was given as loan on compound interest for $3$ years compounded annually at $5\%$ per annum during the first year, $6\%$ per annum during the second year and $8\%$ per annum during the third year. The compound interest is.
  • A
    $Rs. 5035$
  • ✓
    $Rs. 5051$
  • C
    $Rs. 5072$
  • D
    $Rs. 5150$

Answer: B.

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Q 10MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: The compound interest on $Rs. 6250$ at $8\%$ per annum for $1$ year, compounded half yearly, is.
  • A
    $Rs. 500$
  • ✓
    $Rs. 510$
  • C
    $Rs. 550$
  • D
    $Rs. 512.50$

Answer: B.

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Q 11MCQ1 Mark
If the compound interest on a certain sum for $2$ years at $10\%$ per annum is $Rs.1050,$ the sum is:
  • A
    $Rs. 3000$
  • B
    $Rs. 4000$
  • ✓
    $Rs. 5000$
  • D
    $Rs. 6000$

Answer: C.

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Q 12MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: At what rate percent per annum will a sum of $Rs. 7500$ amount to $Rs. 8427$ in $2$ years, compounded annually?
  • A
    $4\%$
  • B
    $5\%$
  • ✓
    $6\%$
  • D
    $8\%$

Answer: C.

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Q 154 Mark Question4 Marks
Manoj deposited a sum of Rs. 64000 in a post office for 3 years, compounded annually at $7\frac{1}{2}\%$ per annum. What amount will he get on maturity?
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Q 174 Mark Question4 Marks
Swati borrowed Rs. 40960 from a bank to buy a piece of land. If the bank charges $12\frac{1}{2}\%$ per annum, compounded half-yearly, what amount will she have to pay after $1\frac{1}{2}$ years? Also, find the interest paid by her.
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