R S Aggarwal Solutions for Chapter: Compound Interest, Exercise 1: EXERCISE

Find the amount and the compound interest on $₹2500$ for $2$ years at $10\%$ per annum, compounded annually.

Find the amount and the compound interest on $₹15625$ for $3$ years at $12\%$ per annum, compounded annually.

Find the difference between the simple interest and the compound interest on $₹5000$ for $2$ years at $9\%$ per annum.

Ratna obtained a loan of $₹25000$ from the Syndicate Bank to renovate her house. If the rate of interest is $8\%$ per annum, what amount will she have to pay to the bank after $2$ years to discharge her debt?

Harpreet borrowed $₹20000$ from her friend at $12\%$ per annum simple interest. She lent it to Alam at the same rate but compounded annually. Find her gain after $2$ years.

Manoj deposited a sum of $₹64000$ in a post office for $3$ years, compounded annually at $7\frac{1}{2}\%$ per annum. What amount will he get on maturity?

Divakaran deposited a sum of $₹6250$ in Allahabad Bank for $1$ year, compounded half-yearly at $8\%$ per annum. Find the compound interest he gets.

Michael borrowed $₹16000$ from a finance company at $10\%$ per annum, compounded half-yearly. What amount of money will discharge his debt after $1\frac{1}{2}$ years?