8 MATHS ASSIGNMENT FA-4

Q1 Multiple choice question :

1 ______________ is monthly saving scheme.
A saving account B current account C recurring
deposit account D none
2Cheque number is printed on ___________ strip at
bottom of cheque
A black B white C yellow D green
3 There are mainly ___________ type of cheques
A1B2C3D4
4 In a ____________ cheque self is written at the space
meant for name
A Bearer B Order C crossed D none
5 Banks compound the interest ________________
A yearly B half yearly C quarterly D none
6 Difference of compound and simple interest on
rupees 7500 at 12% for one year is rupees
___________
A 750 B 650 C 0 D none
7 Difference of compound interest of second year on
rupees 1200 at 15 % is rupees ________________
A 207 B 180 C 27 D 1227
8 Certain sum deposited at 10% rate of compound
interest, the interest of first year is rupees 450 . Than
the interest of second year is rupees _____________
A 490 B 450 C 400 D 495
9 Simple interest on rupees 10,000 at 12% for 3.25
years is rupees ____________
A 1900 B 3900 C 4900 D 2900
10 The simple interest at the rate of 8% for 3 years is

rupees 240 for a principal of rupees ___________

A 500 B 1000 C 2000 D 3000
11 Difference between simple and compound interest
on a sum of rupees 1000 at the rate of 10% is rupees
_________
A 1 B 10 C 100 D none
12 The compound interest of the second year on
rupees 3000 at 10% is rupees __________
A 630 B 300 C 330 D 600
13 If the interest is compounded every 6 months, the
compound interest of rupees 15,000 at 8% for 1 year
is rupees ___________
A 1424 B 1242 C 1224 D 1422
14 Simple interest is rupees 392, N is 3.5 years, R is
3.5% principal is how much ?
A 3920 B 3500 C 3200 D 3300
15 P is 5000 R is 9% N is 2 years compound interest
is __________
A 940.50 B 1000 C 950.40 D none
16 P is 600 R is 7.5% N is 1 year 8 months S.I is
rupees __________
A 50 B 675 C 750 D 75
Q-2 ANSWER THE FOLLOWING:
1 What is used to deposit money in a bank ?
2 By what can an account holder withdraw money
from his account ?
3 In a cheque, at what place is the cheque number
printed ?
4 Who issues demand draft ?
5 Give the full form of ATM ?
6 What is to be submitted to a bank as 'Photo ID '
while opening an account ?

7 What is to be submitted to a bank as 'Address

Proof' while opening an account ?
8 Which types of account can be opened with a
bank ?
9 Name the types of cheque.
10 Find the principal if it amounted to rupees 16,335
at compound interest at the rate of 10% p.a. in 2
years.
11 In how many years will rupees 10,648 at 10% p.a.
compounded annually?
12 At what rate % of C.I. will rupees 4000 amount to
rupees 5324 in 3 years ?
13 In fixed deposit, a bank gives 10% interest
compounded anually . How many complete years will
it take for a sum of money to be more than double?
14 The difference between the simple interest and
compount interest at the rate of 10% for 2 years is
rupees 1. what is the principal ?
15 A sum of money amounts to rupees 780 in 2 years
and rupees 1230 in 7 years. Find the principal and
the rate of interest.
16 Find the compound interest and amount on
rupees 1600 at 5% for 2 years
17 Principal = rupees 10,000 R= 12% and N= 1 year
18 Find the difference of the compound interest and
the simple interest on rupees 20,000 at 15% for 2
years
19 Find the compound interest and amount on
rupees 8000 at 15% for 2 year
20 Find the compound interest on rupees 12,000 at
5% for 3 years