The compound interest on ^1000 at 10% p.a

The compound interest on ^1000 at 10% p.a. for 2 years is
(a) ₹190
(b) ₹210
(c) ₹1210
(d) ₹200

Solution:
ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Objective Type Questions 3

The compound interest on ₹5000 at 20% per annum for 1 \frac{1}{2} years compounded half yearly is
(a) ₹6655
(b) ₹1655
(c) ₹50
(d) ₹1000

Solution:
ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Objective Type Questions 4

The compound interest on ₹10000 at 8% per annum for 6 months compounded quarterly is
a) ₹408
(b) ₹10404
(c) ₹404
(d) ₹400

Solution:
ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Objective Type Questions 5

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