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Home › Grade8 › OLYMPIAD › Math Olympiad-Grade-8 › Compound Interest › Compound Interest Worksheet-1

Compound Interest Worksheet-1

Compound Interest Worksheet-1

 

  1. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?

(a) Rs. 8600     (b) Rs. 8620     (c) Rs. 8800     (d) Rs. 8840

(e) None of these

 

  1. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

(a) Rs. 9000.30                            (b) Rs. 9720

(c) Rs.  10123.20                          (d) Rs. 10483.20

(e) None of these

 

  1. The compound interest on Rs. 20,480 at  per annum for 2 years 73 days, is :

(a) Rs. 2929      (b) Rs. 3000     (c) Rs. 3131       (d) Rs. 3636

 

  1. A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years ?

(a) Rs. 565.25   (b)  Rs. 635       (c) Rs. 662.02  (d) Rs. 666.50

 

  1. Sam invested Rs. 15,000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be :

(a) Rs.  16,500                              (b) Rs.  16,525.50

(c) Rs. 16,537.50                          (d) Rs.  18,150

 

  1. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs.

1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is :

(a) Rs. 120         (b) Rs. 121         (c) Rs. 122         (d) Rs. 123

 

  1. What is the difference between the compound interests on Rs. 5000 for years at 4% per annum compounded yearly and half-yearly ?

(a) Rs. 2.04       (b) Rs. 3.06       (c) Rs. 4.80       (d) Rs. 8.30

 

  1. Find the compound interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly.

(a) Rs.  1851      (b) Rs.  1941      (c) Rs  1951        (d) Rs.  1961

 

  1. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the same rate and for the same time ?

(a) Rs. 51.25      (b) Rs. 52           (c) Rs. 54.25     (d) Rs. 60

 

  1. What will be the difference between simple and compound interest @ 10% per annum on a sum of Rs. 1000 after 4 years ?

(a) Rs. 31           (b) Rs. 32.10     (c) Rs. 40.40    (d) Rs. 64.10

(e) None of these

 

Answer Key:

(1)-e; (2)-c; (3)-a; (4)-c; (5)-c; (6)-b; (7)-a; (8)-c; (9)-a; (10)-d