compound Interest 135 Rate% p.a. Find the compound interest on the following: EXERCISE 9 (A) Principal Number
Find the compound interest on the following:
EXERCISE 9 (A)
Number of years
1. * 10000
3. Find the amount and compound interest on a sum of 15625 at 4% per annum for 3 years compounded
4. Shankar takes a loan of 10,000 at a compound interest rate of 10% per annum (p.a.)
(i) Find the compound interest after one year.
(ii) Find the compound interest for 2 years.
(iii) Find the sum of money required to clean the debt at the end of 2 years.
(iv) Find the difference between the compound interest and the simple interest at the same rate for 2 y
Multiple Choice Questions (MCQs)
6. What is the difference between the com
5. If the simple interest on a sum at 4% per annum
interest and simple interest on 8000 at 1
for 2 years is 80, then the compound interest
annum for 2 years?
on the same sum for the same period is
(a) * 280
(d) No differe
Compound Interest Formula
The arithmetic involved in working out compound interest can be quite complicated when th
both are large.