Free Printable Compount interest

1.

What is the formula for finding the amount when the interest is compounded yearly.

a)

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

b)

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

c)

$A=P\left(\frac{r}{100}\right)^n$

d)

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

2.

The formula for Compound interest is given by ?

4 lines

3.

In simple interest the principal keeps on changing every year(or any other fixed period).

a)

True

b)

False

4.

Find the compound interest (CI) on Rs. 12,600 for 2 years at 10% per annum compounded annually.

a)

2665

b)

2646

c)

1686

d)

1967

5.

Rohit borrows Rs.86000 from Arun for two years at 5% per annum simple interest. Therefore simple interest paid by Rohit in 2 years is Rs. (a)

6.

How much will Rs. 25000 amount to in 2 years , at compound interest , if the rates for the successive years are 4% and 5% per year?

a)

27243

b)

32140

c)

27300

d)

27400

7.

$simple\ interest=$ ------------

a)

$\frac{P\times R\times T}{100}$

b)

$\frac{p\times n\times t}{100}$

c)

$\frac{P\times R}{100}$

d)

$\frac{P\times R}{T}\times100$

Compount interest

Total questions: 7

Worksheet time: 10mins

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