ICSE /Class 9
Maths MCQ Based On
Banking compound interest
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ICSE Class 9 Maths Banking compound interest

Calculate the rate, since the interest is compounded halfyearly then apply the formula of compound interest
Compound interest
Calculate the amount for first year and then take the amount as principal for the second year and find the final amount.
Use formula
Use formula
Find interest after each year and then subtract the repaid amount from the total amount and then continue the process to find the amount at the beginning of the third year.
When interest is calculated half yearly, the rate becomes half and time gets doubled.
Calculate the new rate since the interest is compounded halfyearly, then use the formula for compound interest to calculate the interest.
Find amount separately for 6 months and 12 months. Find the difference and put it equal to 189.
Use the formula for simple interest.
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