Kerala Board Solutions for Chapter: Money Maths, Exercise 1: Exercise 1

Sandeep deposited $25000$ rupees in a bank which pays $8\%$ interest compounded annually. If he got back after two years $₹k$. Find the value of $k$.

Thomas took out a loan of $₹15000$ from a bank which charges $12\%$ interest, compounded annually. After $2$ years, he paid back $₹10000$. To settle the loan, how much should he pay at the end of three years?

The simple interest at $5\%$ got for a certain amount after $2$ years is $₹200$. If interest is compounded annually, what would be the interest for same amount at the same rate after $2$ years.