SECTION A – VERY SHORT ANSWERS
(5 questions × 2 marks = 10 marks)
1. A soft drink costs ₹75. GST is 12%. Find the bill amount.
(2 marks)
2. A refrigerator costs ₹24,000 and GST is 28%. Find the total amount the consumer pays.
(2 marks)
3. Find the amount for ₹1,200 invested at 5% p.a. for 2 years compounded annually.
(2 marks)
4. Find the compound interest on ₹900 for 1 year at 10% p.a. compounded half-yearly.
(2 marks)
5. A restaurant bill including 5% GST amounts to ₹2,450. Find the GST charged.
(2 marks)
SECTION B – SHORT ANSWERS
(4 questions × 4 marks = 16 marks)
6. Find the compound interest on ₹5,000 for 5 years at 4% p.a. compounded annually.
(4 marks)
7. Find the difference between the simple interest and compound interest on ₹30,000 for 2 years at
12% p.a. compounded annually.
(4 marks)
8. Find the difference between the compound interest on ₹2,600 at 6% p.a. for 1½ years when
compounded:
(a) annually
(b) half-yearly
(4 marks)
9. A toaster cost before GST is ₹2,560. After adding GST, the cost becomes ₹3,072. Find the rate of
GST.
(4 marks)
SECTION C – LONG ANSWERS
(2 questions × 6 marks = 12 marks)
10. A washing machine costs ₹12,000. Sales tax is charged at 28%.
Find:
(a) Amount of tax
(b) Final price
(c) Increase in price due to tax
(6 marks)
11. Rohit borrows ₹10,000 for 1 year at 15% p.a. compounded quarterly.
Find:
(a) The amount after 1 year
(b) The compound interest earned
(6 marks)
SECTION D – APPLICATION / HOTS
(1 question × 2 marks = 2 marks)
12. The population of a town increases at 5% per year.
If the present population is 50,000, find the population after 2 years.
(2 marks)