Monicaa Abhijit Solutions for Chapter: Compound Interest, Exercise 8: VALUES AND LIFE SKILLS

Gita borrowed  $₹2,500$from a finance company for $1\frac{1}{2}$years at the rate of $16\%$ per annum. What amount will she have to pay if the interest is compounded half-yearly? Why should we always pay our loan on time?

Sahil invested $₹40,000$ in a certain policy at the compound interest of $5\%$ per annum. After a certain period of time, he received $₹44,100$. Find the period of time for which the amount was invested. Give one point which you think one should keep in mind while investing in policies.

The population of a town increases at the rate of $8\%$ per annum. If the present population is $80,000.$ what will be the population after $2$ years? Why should population be controlled?

To complete a project of Metro Railways in $4$ years $7,500$ workers were employed. At the end of the first year $15\%$ workers were retrenched. At the end of the second year $20\%$ of those working at that time were retrenched. In order to complete the project on time, the number of workers was increased by $15\%$ at the end of the third year. How many workers were working during the fourth year? What is the importance of completing a project on time?