(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Mathematics

Calculate the arnount and the cornpound interest for the following: 

Rs 12,500 for 3 years at 12% for the first year, 15% for the second year and 17% for the third  year.

Calculate the arnount and the cornpound interest for the following: 

Rs 20,000 for 3 years at `7 1/2 %` for the first year, 8% for the second year and 10% for the third year. 

Mohan borrowed Rs 25,000 at 10% p.a. compound interest. If he pays back Rs 7,500 every year, find the amount of loan outstanding at the beginning of the fourth year.

Rajan borrowed Rs 90,000 at 15% p.a. compound interest. If he repays Rs 35,000 at the end of each year, find the amount of loan outstanding at the beginning of the fourth year.

Pooja borrowed Rs 15,000 from Sonali at 11% p.a. compound interest. If she repays Rs 7,550 at the end of first year and Rs 6,101 at the end of second year, find the amount Pooja needs to give to Sonali at the end of third year to clear her debt.

Archana borrowed Rs 18,000 from Ritu at 12% p.a. compound interest. If at the end of the 1^st, 2^nd, and 3^rd years, Archana returned Rs 5,250, Rs 5,875 and Rs 6,875 respectively, find the amount Archana has to pay Ritu at the end of the 4^th year to clear her debt.

Prakash borrowed Rs 10,000 from Rajesh for 2 years at 6% and 8% p.a. compound interest for successive years. If Prakash returns Rs 5,600 at the end of the first year, how much does he have to give to Rajesh at the end of the second year to clear the loan?

Meera borrowed Rs 12,500 on compound interest from Rajeev for 2 years when the rates of interest for successive years were 8% and 10%. If Meera returned Rs 7,500 at the end of the first year, find the amount she has to return at the end of the second year.

Ramesh saves Rs 4,000 every year and invests it at 10% p.a. compound interest. Calculate his savings at the end of the third year.

Manoj saves Rs 5,000 every year and invests it at 12% p.a. compound interest. Calculate his savings at the end of the third year.

A man's savings increases by Rs 50 every year. If he saves Rs 500 in the first year and puts it at 10% compound interest, find his savings at the end of the third year.

Neena's savings increases by Rs 1,000 every year. If she saves Rs 4,000 in the first year and invests it at 15% compound interest, find her total savings at the end of the third year.

Mohan invested a certain sum at compound interest, compounded annually. If the interests for two successive years were Rs 600 and Rs 648, calculate the rate of interest and the sum invested.

Find the sum invested at 8% p.a. compound interest on which the interest for the third year exceeds that of the first year by Rs 166.40.

Find the sum invested at `12  1/2` p.a. compound interest on which the interest for the third year exceeds that of the first year by Rs 531.25.

Calculate the amount and cornpound interest for the following, when cornpounded annually: 

Rs 25,000 for 3 years at 8 % p.a. 

Mr. Burman open a saving back account with Bank of India on 3^rd April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11^th April 2007, withdraw Rs 4,000/- on 10^th May, paid Rs 3,500 for insurance by cheque on 7^th July 2007, deposited Rs. 6,000/- in cash on 9^th August 2007 and withdrew Rs 1,500/- on 12^th Oct 2007.

Make the entries in his passbook

Mr. Burman open a saving back account with Bank of India on 3^rd April 2007 with a cash deposit of Rs 5,000/-. Subsequently, he deposited Rs 16,500/- by cheque on 11^th April 2007, withdraw Rs 4,000/- on 10^th May, paid Rs 3,500 for insurance by cheque on 7^th July 2007, deposited Rs. 6,000/- in cash on 9^th August 2007 and withdrew Rs 1,500/- on 12^th Oct 2007.

If he closed the account on 14^th December and if the rate of simple interest is 4% pa, then find the amount he received on closing the account.

Ms. Chitra opened a saving bank account with SBI on 05.04.2007 with a cheque deposit of Rs 11,000/.Subsequently, she took out Rs 3,200/- on 12.05.2007; deposited a cheque of Rs. 8,800/- on 03.06.2007 and paid Rs 2,000/- by cheque on 18.06.2007.

Make the entries in her passbook

Ms. Chitra opened a saving bank account with SBI on 05.04.2007 with a cheque deposit of Rs 11,000/.Subsequently, she took out Rs 3,200/- on 12.05.2007; deposited a cheque of Rs. 8,800/- on 03.06.2007 and paid Rs 2,000/- by cheque on 18.06.2007.

If the rate of simple interest was 5% pa compounded at the end of March and September, find her balance on 1.04.2008