← Back to topic
Vidaara.orgClass 9 · Mathematics
CodeVID-M09-16-FRM-01
Compound Interest Formula - Assignment
Chapter: Compound Interest
Topic: Compound Interest Formula
Maximum Marks: 35
Time: 75 minutes
Name: ____________________ Roll No.: __________ Date: ____________

General Instructions

  • All questions are compulsory.
  • Section A carries 1 mark each, Section B 2 marks, Section C 3 marks and Section D 5 marks.
  • Show all working for Sections B, C and D. Only final answers are given at the end — for full solutions, raise your doubts with your teacher.
Section A — Multiple Choice Questions 5 × 1 = 5 marks
1.
The compound amount formula is:
  • A.$A=P(1+\tfrac{R}{100})^n$
  • B.$A=P+\tfrac{PRT}{100}$
  • C.$A=\tfrac{PRT}{100}$
  • D.$A=Pn$
2.
Compound interest $=$
  • A.$A+P$
  • B.$A-P$
  • C.$P-A$
  • D.$A\times P$
3.
For $P=1000$, $R=10\%$, $n=2$, $A=$
  • A.Rs $1100$
  • B.Rs $1200$
  • C.Rs $1210$
  • D.Rs $1320$
4.
In the formula, $n$ is the number of:
  • A.rupees
  • B.years (periods)
  • C.rates
  • D.principals
5.
CI on Rs $1000$ at $10\%$ for $2$ years is:
  • A.Rs $200$
  • B.Rs $210$
  • C.Rs $100$
  • D.Rs $220$
Section B — Short Answer (2 marks) 4 × 2 = 8 marks
6.
Find $A$ for $P=2000$, $R=10\%$, $n=2$.
7.
Find the CI for $P=2000$, $R=10\%$, $n=2$.
8.
Find $A$ for $P=5000$, $R=10\%$, $n=1$.
9.
Write the formula for the compound amount.
Section C — Short Answer (3 marks) 4 × 3 = 12 marks
10.
Find the CI on Rs $4000$ at $5\%$ per annum for $2$ years.
11.
Find the amount on Rs $6250$ at $8\%$ per annum for $2$ years.
12.
Find the CI on Rs $12500$ at $12\%$ for $2$ years.
13.
Find the amount on Rs $8000$ at $10\%$ for $3$ years.
Section D — Long Answer (5 marks) 2 × 5 = 10 marks
14.
Find the compound interest on Rs $15625$ at $4\%$ per annum for $3$ years.
15.
A sum of Rs $10000$ amounts to Rs $13310$ in $3$ years at compound interest. Find the rate per annum.

Answer Key

Section A — Multiple Choice Questions
  1. (A) $A=P(1+\tfrac{R}{100})^n$
  2. (B) $A-P$
  3. (C) Rs $1210$
  4. (B) years (periods)
  5. (B) Rs $210$
Section B — Short Answer (2 marks)
  1. Rs $2420$.
  2. Rs $420$.
  3. Rs $5500$.
  4. $A=P\left(1+\tfrac{R}{100}\right)^n$.
Section C — Short Answer (3 marks)
  1. Rs $410$.
  2. Rs $7290$.
  3. Rs $3180$.
  4. Rs $10648$.
Section D — Long Answer (5 marks)
  1. Rs $1951$.
  2. $10\%$.
Generated by Vidaara.org · Assignment VID-M09-16-FRM-01 · vidaara.org