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Compound Interest

This document is a 1-page mathematics exam containing 8 questions about compound interest. It provides the date, time limit, total points possible, and a grade table for the teacher. The questions involve calculating principal amounts, interest earned, rates of interest, and time periods for various compound interest word problems.

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SupreethRao
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139 views2 pages

Compound Interest

This document is a 1-page mathematics exam containing 8 questions about compound interest. It provides the date, time limit, total points possible, and a grade table for the teacher. The questions involve calculating principal amounts, interest earned, rates of interest, and time periods for various compound interest word problems.

Uploaded by

SupreethRao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Mathematics Name:

Exam 1(Compound Intrest)


8/6/2019
Time Limit: 90 Minutes

This exam contains 1 pages (including this cover page) and 8 questions.
Total of points is 28.

Grade Table (for teacher use only)


Question Points Score
1 3
2 3
3 4
4 3
5 4
6 4
7 4
8 3
Total: 28

1. (3 points) What principal will amount to Rs 9856 in two years, if the rates of interest
for successive years are 10% and 12% respectively.
2. (3 points) On a certain sum, the compound interest in 2 years amounts to Rs 4240.If
the rates of interest for successive years are 10% and 15% respectively , find the sum.
3. (4 points) A sum of Rs 44,200 is divided between John and and Smith, 12 years and
14 years old respectively , in such a way that if their portions be invested at 10% per
annum compound interest , they will receive equal amounts on reaching 16 years of age.
(i) What is the share of each out of the Rs 44200 ?
(ii) what will each receive , when 16 years old ?
4. (3 points) Kamal and Anand each lent the same sum of money for 2 years at 5% at
simple interest and compound interest respectively . Kamal received Rs 15 less than
Anand . Find the amount of money lent by each and the interest received.
5. (4 points) Simple interest on a certain sum of money for 4 years years at 4% per annum
exceeds the compound interest on the same sum for 3 years at 5% per annum by Rs 228.
Find the sum.
Mathematics Exam 1(Compound Intrest) - Page 2 of 1 8/6/2019

6. (4 points) A certain sum of money invested at compound interest amounts to Rs 19360


in 2 years and Rs 23,425.60 in 4 years .Find the rate percent and the original sum of
money.

7. (4 points) A man borrowed Rs 16,000 for 3 years under the following terms:

- 20% simple interest for the first 2 years .


- 20% compound interest for the remaining one year on the amount due after two
years, the interest compounded half yearly.

8. (3 points) In what time will Rs 1500 yield Rs 496.50 as compound interest at 20% per
year compounded half yearly.

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