DAV INSTITUTIONS, WEST BENGAL ZONE

MATHEMATICS QUESTION BANK FOR CLASS -VIII

SESSION: 2024-25
CHAPTER: COMPOUND INTEREST
SECTION – A (MCQ)
1. Assertion(A): On ₹1,60,000 for one year at the rate of 20% p.a. if interest is 1
compounded quarterly. Then the compound interest will be ₹34481
𝑅 4𝑛
Reason (R): 𝐴 = 𝑃 (1 + 100)
a) Both Assertion (A) and Reason(R) are true and Reason(R) is the correct
explanation of Assertion(A)
b) Both Assertion (A) and Reason(R) are true and Reason(R) is not the correct
explanation of Assertion(A)
c) Assertion (A) is true but Reason (R) is false
d) ) Assertion (A) is false but Reason (R) is true
2. The cost of a vehicle is ₹1,75,000 .If its value depreciate at the rate of 20% per 1
annum ,then total deprecation after 3 years was
a) ₹ 82500 b) ₹ 86400 c ) ₹85400 d)Rs 89600
3. A scooter was bought at ₹42000. Its value depreciates at the rate of 8% p.a. 1
Find its value after one year
a) ₹38640 b) ₹35640 c) ₹ 36640 d) None of these
4. Calculate the compound interest on ₹4000 for 2 years at 20% per annum when 1
compounded half yearly.
a) ₹ 1324 b) ₹ 1234 c) ₹ 1434 d) ₹ 1856.4
5. If the amount is ₹ 400 and Principal is ₹100 which is compounded half yearly 1
for 1 year, calculate the rate of interest.
a) 10 b) 200 c) 2 d) 20
6. 𝑅 𝑛 1
In A = P(1 + 100) , A stands for
a) Principal b) Interest c) Principal + Interest d) Time period
7. If interest is compounded after every three months, the number of times for 1
which interest is charged in 2 years is
a) 9 b) 6 c) 4 d) 8
8. A sum of ₹10000 at 8% per annum for six months compounded quarterly 1
amounts to –
a) ₹400 b) ₹404 c) ₹ 408 d) ₹10404
9. Find the Compound Interest on ₹1000 for two years at 2% per annum. 1
a) 20.2 b) 20.4 c) 40.4 d) 40.2
10. A sum of money at compound interest doubles itself in 15 years. It will become 1
eight times of itself in
a) 49 yrs b) 45 yrs c) 60 yrs d) 35 yrs
SECTION – B
11. Find the compound interest (CI) on Rs. 12,600 for 2 years at 10% per annum 2
compounded annually.
12. At what rate of compound interest per annum, a sum of Rs. 1200 becomes 2
₹1348.32 in 2 years?
13 If principal is ₹ 1,00,000 and rate of interest is 10% compounded half-yearly. 2
Find Interest for 6 months.
14. The population of a town increased to 54,000 in 2003 at a rate of 5% per 2
annum. Find the population in 2001.
15. What will be the compound interest on Rs. 4000 in two years when rate of 2
interest is 5% per annum?
16. Swati took a loan of ₹16,000 against her insurance policy at the rate of 12.5% 2
per annum. Calculate the compound interest payable by Swati after 3 years.
17. Find the compound interest on ₹3,000 at 5% per annum for 2 years 2
SECTION – C
18. A certain sum of money at compound interest becomes ₹7396 in 2 years and 3
₹7,950.70 in 3 years. Find the rate of interest.
19. In how many years will ₹8,000 amounts to ₹9,261 at 5% per annum 3
compounded annually?
20. The population of a town is 64,000. If the annual birth rate is 10.7% and the 3
annual death rate is 3.2%, calculate the population after 3 years.
21. Madhu bought a house for ₹1,31,25,000. If its value depreciates at the rate of 3
10% per annum, what will be its sale price after 3 years?
22. 1 3
Compute the compound interest on ₹ 10000 for 1 2 years at 16% per annum
compounded half-yearly without using the formula of compound interest.
23. In what time will ₹5,400 amount to for ₹6,773.76 at 12% per annum compound 3
interest?
SECTION – D
24. Find the difference between the compound on ₹25000 at 16% per annum for six 5
month compounded half yearly and quarterly respectively. Which option is
better?
25. The simple interest on certain sum of money for three years at 5% per annum is 5
₹540. What will be the compound interest on that sum at the same rate for the
same period?
26. Mahesh borrowed a certain sum for 2 years at simple interest from Bhim. 5
Mahesh lent this sum to Vishnu at the same rate for two years compound
interest at the end of 2 years, Mahesh received₹410 as compound interest but
paid ₹400 as simple interest. Find the sum and rate of interest.
27. The annual rate of growth in population of a certain city is 8%. If its present 5
population is 1,96,830, what was the population 3 years ago?
28. A certain sum of money is invested at the rate of 10% per annum compound 5
interest, compounded annually. If the difference between the interests of third
year and first year is ₹1,105, find the sum invested.
SECTION – E (Case-Based)
29. CASE STUDY 1:
Mr Sharma invests 12,000 at a certain rate for 3 years compounded annually.
He finds that at the end of third year it amounts to 15,972. 2+
a) What will be the rate of interest? 1+
b) Find interest received in first year. 1
c) Find amount at the end of 2nd year.
30. CASE STUDY 2:
A person deposited ₹40,000 with a bank that gives a simple interest at the rate
of 12.5% per annum. He also deposited the same amount for 3 years at the rate
of 11% per annum compounded annually. After 3 years, he wanted to take out
that cash and use it. Based on the above information, answer the following:
a) What is the simple interest he will get after 3 years? 1+
b) What is the compound interest he will get after 2 years? 2+
c) Find the difference between compound interest and simple interest for 1 year 1
when rate of interest is 11% per annum?