Question Paper
Class / Subject: Class 9 (ICSE) · Mathematics
Chapter: Chapter 3 — Chapter 3: Compound Interest (Using Formula)
Time Allowed: 32 minutes
Max Marks: 16
1. What is the compound interest formula? [1]
(A) A = P(1+R/100)^n
(B) A = P + R + n
(C) A = P × R × n
(D) A = P ÷ R ÷ n
2. What does A represent? [1]
(A) The final amount
(B) The principal
(C) The rate
(D) The time
3. What does P represent? [1]
(A) The principal
(B) The final amount
(C) The rate
(D) The time
4. What does n represent? [1]
(A) The number of years
(B) The rate
(C) The principal
(D) The final amount
5. What is A for ₹1000 at 10% for 2 years? [1]
(A) ₹1210
(B) ₹1200
(C) ₹1100
(D) ₹1300
6. How is compound interest found from A? [1]
(A) A - P
(B) A + P
(C) A × P
(D) A ÷ P
7. What is the interest for the example above? [1]
(A) ₹210
(B) ₹200
(C) ₹100
(D) ₹110
8. Why use the formula instead of manual calculation? [1]
(A) It saves time for longer periods
(B) It's slower always
(C) It gives different results
(D) It's less accurate
9. What is the compound interest formula? [1]
(A) A = P(1+R/100)^n
(B) A = P + R + n
(C) A = P × R × n
(D) A = P ÷ R ÷ n
10. What does A represent? [1]
(A) The final amount
(B) The principal
(C) The rate
(D) The time
11. What does P represent? [1]
(A) The principal
(B) The final amount
(C) The rate
(D) The time
12. What does n represent? [1]
(A) The number of years
(B) The rate
(C) The principal
(D) The final amount
13. What is A for ₹1000 at 10% for 2 years? [1]
(A) ₹1210
(B) ₹1200
(C) ₹1100
(D) ₹1300
14. How is compound interest found from A? [1]
(A) A - P
(B) A + P
(C) A × P
(D) A ÷ P
15. What is the interest for the example above? [1]
(A) ₹210
(B) ₹200
(C) ₹100
(D) ₹110
16. Why use the formula instead of manual calculation? [1]
(A) It saves time for longer periods
(B) It's slower always
(C) It gives different results
(D) It's less accurate