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Compound Interest

This document is a practice paper for Class IX students focusing on compound interest calculations. It includes various types of problems such as calculating compound interest, amounts, and rates for different scenarios and time periods. The exercises are designed to enhance students' understanding of compound interest concepts and their applications.

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st.anthonyschoolgirls
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12 views2 pages

Compound Interest

This document is a practice paper for Class IX students focusing on compound interest calculations. It includes various types of problems such as calculating compound interest, amounts, and rates for different scenarios and time periods. The exercises are designed to enhance students' understanding of compound interest concepts and their applications.

Uploaded by

st.anthonyschoolgirls
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CLASS IX

COMPOUND INTEREST
ST ANTHONY’S SCHOOL GIRLS’
SIR DEVEN’S PRACTICE PAPER

TYPE 1

1. Calculate the compound interest on Rs 5000 invested at 3 years at 12% per


annum compound interest compounded annually.
2. Calculate the amount and C.I on Rs 17000 in 3 years when the rates of
interest for successive years are 10%, 10% and 14% respectively.

TYPE 2

1. A man invests Rs 5000 for 3 years at a certain rate of interest, compounded


annually. At the end of one year it amounts to Rs 5600. Calculate:
(i) The rate of interest per annum.
(ii) The interest accured in the second year.
(iii) The amount at the end of third year.

2. Rs 8000 was lent out for 3 years at 12% per annum compounded annually.
Find:
(i) The amount at the end of first year.
(ii) The amount at the end of second year.
(iii) The amount at the end of third year.
(iv) The compound interest to be paid in 3 years.

3. The simple interest in 3 years and the compound interest in 2 years on a


certain sum of money at the same rate are Rs 1200 and Rs 832 respectively.
Find:
(i) The rate of interest.
(ii) The principal.
(iii) Difference between C.I and S.I for 3 years.

TYPE 3

1. Find the difference between the C.I and S.I on Rs 10000 for 3 years at 12%
per annum.
2. On a certain sum of money, the difference between the C.I interest for a
year, payable half yearly and simple interest for a year is Rs 180. Find the
sum lent out, if the rate of interest in both the cases is 10% per annum

TYPE 4

1. What sum of money will amount to Rs 110250 in 2 years at 5% per annum


compound interest?
2. In what time will Rs 5000 amount to Rs 6160.50 at 11% per annum
compound interest?

TYPE 5

1. Calculate the interest on Rs 25000 for 2years at 10% per annum, if interest is
compounded half yearly.
2. If the interest is compounded half yearly, calculate the amount, when the
principal is Rs 7400, the rate of interest is 5% per annum and the duration is
one year.
TYPE 6

1. Onkar Singh borrowed Rs 30000 from Mitul for 2 years at 10% per annum
simple interest and lent it out to Harleen Kaur for 2 years at 10% per annum
compound interest. How much did Onkar earn?

TYPE 7

1. The difference between the compound interest and the simple interest on a
certain sum of money deposited for 2 years at 5% per annum was Rs 105.
Find the sum of money.

TYPE 8

1. A certain sum of money amounts to Rs 4840 in 2years at C.I and to Rs 5324


in 3years. Find the rate and the sum.
2. The C.I calculated yearly on a certain sum of money for the second year is
Rs 880 and for the third year it is Rs 968. Calculate the rate and the original
money.

TYPE 9

1. At what rate percent per annum C.I would Rs 80000 amount to Rs 88200 in
2 years, interest being compounded yearly.
2. In what period of time will Rs 12000 yield Rs 3972 as C.I at 10% per
annum, if compounded on a yearly basis?

TYPE 10

1. On what sum will the compound interest for 2 years at 4% per annum be Rs
5712?
2. A sum compounded annually becomes 25/16 times of itself in 2 years.
Determine the rate of interest per annum.
3. Sachin invests Rs 200000 for 2 years at 12% per annum compounded
annually. If the interest accured is subject to income tax at 25% at the end of
each year, find the amount he received at the end of 2 years.
4. Mr. Dubey borrows Rs. 100000 from State Bank of India at 11% per annum
compound interest. He repays Rs 41000 at the end of first year and Rs 47700
at the end of second year. Find the amount outstanding at the beginning of
the third year.

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