Question Paper
Class / Subject: Class 9 (ICSE) · Mathematics
Chapter: Chapter 2 — Chapter 2: Compound Interest (Without Using Formula)
Time Allowed: 32 minutes
Max Marks: 16
1. What does compound interest calculate interest on? [1]
(A) The current total, including previous interest
(B) Only the original principal
(C) Nothing specific
(D) A fixed amount always
2. What is the amount after year 1 for ₹1000 at 10%? [1]
(A) ₹1100
(B) ₹1000
(C) ₹1200
(D) ₹1010
3. What is the amount after year 2 for the above example? [1]
(A) ₹1210
(B) ₹1200
(C) ₹1100
(D) ₹1300
4. How does compound interest grow compared to simple interest? [1]
(A) Faster
(B) Slower
(C) The same
(D) It doesn't grow
5. Why calculate compound interest year by year first? [1]
(A) To understand the concept before using formulas
(B) No reason
(C) It's not useful
(D) Only for tests
6. What is added to the principal each year? [1]
(A) The interest earned that year
(B) Nothing is added
(C) A fixed amount always
(D) Only the original principal
7. Why is this manual method useful to learn? [1]
(A) It builds conceptual understanding
(B) It has no use
(C) Only for confusion
(D) It contradicts the formula method
8. What is the interest earned in year 2 of the ₹1000 example? [1]
(A) ₹110
(B) ₹100
(C) ₹120
(D) ₹210
9. What does compound interest calculate interest on? [1]
(A) The current total, including previous interest
(B) Only the original principal
(C) Nothing specific
(D) A fixed amount always
10. What is the amount after year 1 for ₹1000 at 10%? [1]
(A) ₹1100
(B) ₹1000
(C) ₹1200
(D) ₹1010
11. What is the amount after year 2 for the above example? [1]
(A) ₹1210
(B) ₹1200
(C) ₹1100
(D) ₹1300
12. How does compound interest grow compared to simple interest? [1]
(A) Faster
(B) Slower
(C) The same
(D) It doesn't grow
13. Why calculate compound interest year by year first? [1]
(A) To understand the concept before using formulas
(B) No reason
(C) It's not useful
(D) Only for tests
14. What is added to the principal each year? [1]
(A) The interest earned that year
(B) Nothing is added
(C) A fixed amount always
(D) Only the original principal
15. Why is this manual method useful to learn? [1]
(A) It builds conceptual understanding
(B) It has no use
(C) Only for confusion
(D) It contradicts the formula method
16. What is the interest earned in year 2 of the ₹1000 example? [1]
(A) ₹110
(B) ₹100
(C) ₹120
(D) ₹210