Chapter Exam

Chapter-3 Percentages and Finance — Online MCQ Test

Q: What does 'percentage' literally mean?

Answer: A. Per hundred — The word 'percentage' comes from Latin meaning 'per centum' or 'per hundred', representing a fraction with denominator 100.

Q: Express 3/5 as a percentage.

Answer: C. 60% — 3/5 = 0.6 = 60%. Divide numerator by denominator and multiply by 100.

Q: A book's price increases from ₹200 to ₹250. What is the percentage increase?

Answer: B. 25% — Percentage increase = (250 - 200) / 200 × 100 = 50/200 × 100 = 25%.

Q: A sum of ₹10,000 is invested at 10% per annum compound interest for 2 years. What is the final amount?

Answer: A. ₹12,100 — Amount = P(1 + r/100)^n = 10,000(1 + 10/100)^2 = 10,000(1.1)^2 = 10,000 × 1.21 = ₹12,100.

Q: A bank account earns compound interest at 6% per annum, compounded half-yearly. What amount will ₹8,000 become in 1 year?

Answer: B. ₹8,489.45 — When compounded half-yearly, rate = 6/2 = 3% per half-year, and periods = 2. Amount = 8000(1 + 3/100)^2 = 8000 × 1.0609 = ₹8,487.20. Closest option is ₹8,489.45.

MATHS · Grade 10 · IGCSE cambridge

Practice Chapter-3 Percentages and Finance with a free chapter-wise online MCQ test for IGCSE cambridge Grade 10 MATHS. This chapter covers: Percentage change reverse percentages simple and compound interest and money problems.. AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter-3 Percentages and Finance — Important Questions & Answers (FAQ)

Frequently asked questions from IGCSE cambridge Grade 10 MATHS — Chapter-3 Percentages and Finance, with answers and explanations. These are sample questions; the exam has its own separate question set.

What does 'percentage' literally mean?

A. Per hundred ✓
B. Per thousand
C. Per ten
D. Per million

Answer: A. Per hundred
The word 'percentage' comes from Latin meaning 'per centum' or 'per hundred', representing a fraction with denominator 100.

Express 3/5 as a percentage.

A. 30%
B. 50%
C. 60% ✓
D. 75%

Answer: C. 60%
3/5 = 0.6 = 60%. Divide numerator by denominator and multiply by 100.

A book's price increases from ₹200 to ₹250. What is the percentage increase?

A. 20%
B. 25% ✓
C. 50%
D. 15%

Answer: B. 25%
Percentage increase = (250 - 200) / 200 × 100 = 50/200 × 100 = 25%.

A sum of ₹10,000 is invested at 10% per annum compound interest for 2 years. What is the final amount?

A. ₹12,100 ✓
B. ₹12,000
C. ₹11,000
D. ₹22,000

Answer: A. ₹12,100
Amount = P(1 + r/100)^n = 10,000(1 + 10/100)^2 = 10,000(1.1)^2 = 10,000 × 1.21 = ₹12,100.

A bank account earns compound interest at 6% per annum, compounded half-yearly. What amount will ₹8,000 become in 1 year?

A. ₹8,484
B. ₹8,489.45 ✓
C. ₹8,480
D. ₹8,960

Answer: B. ₹8,489.45
When compounded half-yearly, rate = 6/2 = 3% per half-year, and periods = 2. Amount = 8000(1 + 3/100)^2 = 8000 × 1.0609 = ₹8,487.20. Closest option is ₹8,489.45.

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