Free Printable CLASS TEST FOR CLASS VIII (31/08/2020)

1.

On what a discount is calculated?

a)

S.P.

b)

C.P.

c)

Marked Price

d)

None of these

2.

What time period is taken when interest is calculated half yearly?

a)

twice as much as the number of given years

b)

half as much as the number of given years

c)

same as the number of given years

d)

none of these

3.

What should be the rate of interest per annum if interest is calculated quarterly?

a)

reduced to half

b)

reduced to one fourth

c)

is doubled

d)

becomes four times

4.

A building worth Rs a is depreciated by R% per annum. Which of the following is true?

a)

$P\ \left(1\ -\frac{5}{100}\right)^n$

b)

$P\ \left(1\ +\ \frac{5}{100}\right)^n$

c)

$P\left[\left(1\ +\ \frac{5}{100}\right)-1\right]^n$

d)

$P\left[\left(1-\ \frac{5}{100}\right)-1\right]^n$

5.

Suppose for the principal P, rate R% and time T, the simple interest is S and compound interest is C. Consider the possibilities.

(i) C > S

(ii) C = S

(iii) C < S Then:

a)

only (i) is correct.

b)

either (i) or (ii) is correct.

c)

either (ii) or (iii) is correct.

d)

only (iii) is correct.

6.

The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is

a)

Rs 4,000

b)

Rs 4,080

c)

Rs 4,280

d)

Rs 4,050

7.

For calculation of interest compounded half yearly, keeping the principal same, which one of the following is true.

a)

Double the given annual rate and half the given number of years.

b)

Double the given annual rate as well as the given number of years.

c)

Half the given annual rate as well as the given number of years.

d)

Half the given annual rate and double the given number of years.

8.

_______ is charged on the sale of an item by the government and is added to the bill amount

a)

Sales Tax

b)

GST

c)

MP

d)

SP

9.

Amount when interest is compounded annually is given by the formula_____

a)

$A=\ P\ \left(1\ -\ \frac{R}{100}\right)^n$

b)

$A=P\left(\ 1\ +\ \frac{R}{100}\right)^n$

c)

$A=P\ \left(1\ +\ \frac{R}{200}\right)^n$

d)

$A=P\left(1\ -\ \frac{R}{200}\right)^n$

10.

________ expenses are the additional expenses incurred by a buyer for an item over and above its cost of purchase.

a)

GST

b)

VAT

c)

Tax

d)

Overhead Charges

11.

When principal P is compounded semi-annually at R % per annum for n years, then Amount = ______

a)

$A=\ P\ \left(1\ -\ \frac{R}{200}\right)^{2n}$

b)

$A=P\left(\ 1\ +\ \frac{R}{200}\right)^{2n}$

c)

$A=P\ \left(1\ +\ \frac{R}{200}\right)^n$

d)

$A=P\left(1\ -\ \frac{R}{200}\right)^n$

12.

When principal P is compounded quartelly at R % per annum for n years, then Amount = ______

a)

$A=\ P\ \left(1\ -\ \frac{R}{100}\right)^{2n}$

b)

$A=P\left(\ 1\ +\ \frac{R}{400}\right)^n$

c)

$A=P\ \left(1\ +\ \frac{R}{400}\right)^{4n}$

d)

$A=P\left(1\ -\ \frac{R}{400}\right)^{4n}$

13.

To calculate the growth of a bacteria if the rate of growth is known, the formula for calculation of amount in compound interest can be used.

a)

TRUE

b)

FALSE

14.

Additional expenses made after buying an article are included in the cost price and are known as Value Added Tax.

a)

TRUE

b)

FALSE

15.

Discount is a reduction given on cost price of an article.

a)

TRUE

b)

FALSE

16.

Compound interest is the interest calculated on the previous year’s amount.(True/False)

(a)

17.

C.P. = M.P. – Discount. (True/False)

(a)

18.

Vanshika got 150 out of 200 and Sakshi got 120 marks out of 180. Whose performance is better.

a)

Vanshikha

b)

Sakshi

19.

Discount is always calculated on the marked price.

a)

FALSE

b)

TRUE

20.

In a ratio, the quantities are in the same unit If they are not in the same units, then first we convert them in the same unit.(False/True)

(a)

21.

Simple interest is always less than compound interest for the same principle, same interest rate and same time period (>1)

a)

YES

b)

NO

22.

The percent of interest that you pay for money borrowed, or earn for money deposited is called

a)

Sum

b)

Amount

c)

Rate of interest

d)

Interest

23.

The original sum of money loaned/deposited is called

a)

Amount

b)

Principal

c)

Rate

d)

Time

24.

The value of compound interest for Rs 12600 for 2 years at 10% per annum compounded annually is

a)

Rs 2345

b)

Rs 2656

c)

Rs 2646

d)

Rs 2946

25.

The value of simple interest for Rs 12600 for 2 years at 10% per annum is

a)

Rs 2450

b)

Rs 2520

c)

Rs 2500

d)

Rs 3510

26.

Five times a number is a ______ % increase in the number.

a)

200%

b)

400%

c)

300%

d)

10%

27.

Adish invested ₹ 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get after 6 months?

a)

₹ 66,300

b)

₹ 64,600

c)

₹ 63,600

d)

₹ 63,900

28.

Calculate the amount and compound interest that Preeti took a loan from a bank on ₹ 62,500 for $1\ \frac{1}{2}$ years at 8% per annum compounded half yearly.

a)

A = ₹ 70,304 , C.I.= ₹ 7,804

b)

A = ₹ 70,404 , C.I.= ₹ 7,854

c)

A = ₹ 71,205 , C.I.= ₹7,980

d)

A = ₹ 72,404 , C.I.= ₹ 7,704

29.

A car was bought at ₹ 42,000. Its value depreciated at the rate of 8% per annum. its value after one year is

a)

₹ 39,640.23

b)

₹ 38,840.56

c)

₹ 38,640

d)

₹ 40,640

30.

If the principal does not remain the same for the whole loan period due to addition of ( compounding of ) interest to the principal after a certain interval of

time to form the new principal, the interest

so obtained is called (a)

CLASS TEST FOR CLASS VIII (31/08/2020)

Total questions: 30

Worksheet time: 2hrs 30mins

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