ML Aggarwal Compound Interest MCQs Class 9 ICSE Maths Solutions

ML Aggarwal Compound Interest MCQs Class 9 ICSE Maths Solutions. We Provide Step by Step Answer of  Exe-MCQs Questions for Compound Interest council prescribe guideline for upcoming board exam. Visit official Website CISCE for detail information about ICSE Board Class-9.

ML Aggarwal Compound Interest  MCQs Class 9 ICSE Maths Solutions

MCQs on Compound Interest 

 Question 1. The compound interest on ₹1000 at 10% p.a. compounded annually for 2 years is

(a) ₹190

(b) ₹200

(c) ₹210

(d) ₹1210

Answer : (c) ₹210

Hint – 1000 [(1 + 10/100)² – 1]

= 1000 (121-100/100) = 1000 × 21/100 = ₹210

Question 2. If Sukriti borrows ₹8000 for two years at the rate of 10% per annum compound interest, then the amount to be paid by her at the end of two years to clear the debt is

(a) ₹8800

(b) ₹9600

(c) ₹9680

(d) ₹102400

Answer : (c) ₹9680

Hint – 8000 (1 + 10/100)² = 8000 × 121/100 = ₹96980

Question 3. If a man invests ₹12000 for two years at the rate of 10% per annum compound interest, then the compound interest earned by him at the end of two years is

(a) ₹ 2400

(b) ₹2520

(c) ₹2000

(d) ₹1800

Answer : (b) ₹2520

Hint – 12000 [(1 + 10/100)² – 1] . 1200 (121-100/100) = 12000 × 21/100

= ₹2520

Question 4. Mr. Rao bought 1-year, ₹10000 certificate of deposit that paid interest at an annual rate of 8% compounded semi-annually. The interest received by him on maturity is

(a) ₹816

(b) ₹864

(c) ₹800

(d) ₹10816

Answer : (a) ₹816

Hint – 10000 [(1 + 4/100)² – 1] = 10000 (676-625/625)

= 10000 × 51/625 = ₹816

Question 5. The compound interest on ₹5000 at 20% per annum for 1 1/2 years compounded half-yearly is

(a) ₹6655

(b) ₹1655

(c) ₹1500

(d) ₹1565

Answer : (b) ₹1655

Hint –

Question 6. If the number of conversion periods ≥ 2, then the compound interest is

(a) Less than simple interest

(b) Equal to simple interest

(c) Greater than or equal to simple interest

(d) Greater than simple interest

Answer :

(d) Greater than simple interest

Question 7. The present population of a city is 12,00,000. If it increases at the rate of 8% every year, then the population of the city after 2 years is

(a) 199680

(b) 1399680

(c) 1500000

(d) 1299680

Answer : (b) 1399680

Hint – 1200000 (1 + 8/100) = 1200000 × 729/625 = 1399680

—  : End of ML Aggarwal Compound Interest MCQs Class 9 ICSE Maths Solutions :–

Return to :-  ML Aggarawal Maths Solutions for ICSE  Class-9

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