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Class 8 Maths Practice Test: Comparing Quantities - Rate Compounded Annually or Half Yearly
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Related Test: Class 8 Maths Practice Test: Comparing Quantities - Compound Interest

Class 8 Maths Practice Test: Comparing Quantities - Rate Compounded Annually or Half Yearly
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10 Questions

1. A man took loan of Rs. 65,250 from HSBC Bank. If the rate of interest is 9% p.a., then what will be the difference in the amounts he would be paying after 1 year if the interest is compounded quarterly and compounded annually?
2. A sum is taken for 2 years at 12% per annum. If the interest is compounded every 6 months, how many times will the interest be charged in 1 year?
3. What will be the time period for a sum taken for 4 years 4 months at 10% p.a. compounded quarterly?
4. What will be the amount to be paid at the end of 7 years on Rs. 3500 at 2% per annum compounded annually?
5. A sum is taken for 1 ½ years at 10% per annum. If the interest is compounded every 3 months, how many times will the interest be charged in 1 year?
6. What will be the rate for a sum taken for 1 ½ years at 10% p.a. compounded quarterly?
7. What will be the time period for a sum taken for 3 years at 12% p.a. compounded half-yearly?
8. What will be the amount to be paid at the end of 3 year on Rs. 500 at 10% per annum compounded half-yearly?
9. What will be the rate for a sum taken for 5 years at 8% p.a. compounded half-yearly?
10. What will be the amount to be paid at the end of 18 months on Rs. 12000 at 4% per annum compounded quarterly?

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