## compound Interest 135 Rate% p.a. Find the compound interest on the following: EXERCISE 9 (A) Principal Number

Question

compound Interest
135
Rate% p.a.
Find the compound interest on the following:
EXERCISE 9 (A)
Principal
Number of years
1. * 10000
12%
2
2. 5000
10%
2
3. Find the amount and compound interest on a sum of 15625 at 4% per annum for 3 years compounded
annually
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) 86.80
(b) *86.10
(a) * 280
(b) 100
(c) 88.60
(d)*81.60
(c) 180
(d) No differe
Compound Interest Formula
The arithmetic involved in working out compound interest can be quite complicated when th
both are large.
hich​

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1 month 2021-08-11T13:05:37+00:00 1 Answer 0 views 0

P=Rs. 10000

T=12mon =1 year

R=10% p.a.

Compounded half yearly

n=2

∴A=P[1+

n

R

]

nT

=10000[1+

2

10

]

2×1

=10000[

2

12

]

2

=10000×6×6

A=360000

C.I=A−P

=Rs. (360000−10000)

=Rs. 260000.