MEDIUM
8th CBSE
IMPORTANT
Earn 100

By using the formula, find the amount and compound interest on 62500 for 2 years 6 months at 12% per annum compounded annually.

Important Questions on Compound Interest

MEDIUM
8th CBSE
IMPORTANT

By using the formula, find the amount and compound interest on 9000 for 2 years 4 months at 10% per annum compounded annually.

MEDIUM
8th CBSE
IMPORTANT

Find the amount of 8000 for 2 years compounded annually and the rates being 9% per annum during the first year and 10% per annum during the second year.

MEDIUM
8th CBSE
IMPORTANT

Anand obtained a loan of 125000 from Allahabad Bank for buying computers. The bank charges compound interest at 8% per annum, compounded annually. What amount will he have to pay after 3 years to clear the debt?

MEDIUM
8th CBSE
IMPORTANT

Three years ago, Beeru purchased a buffalo from Surjeet for 11000. What payment will discharge his debt now, the rate of interest being 10% per annum, compounded annually?

MEDIUM
8th CBSE
IMPORTANT

Shubhalaxmi took a loan of 18000 from Surya Finance to purchase a TV set. If the company charges compound interest at 12% per annum during the first year and 1212% per annum during the second year, how much will she have to pay after 2 years?

MEDIUM
8th CBSE
IMPORTANT

Neha borrowed 24000 from the State Bank of India to buy a scooter. If the rate of interest be 10% per annum compounded annually, what payment will she have to make after 2 years 3 months?

MEDIUM
8th CBSE
IMPORTANT

Abhay borrowed 16000 at 712% per annum simple interest. On the same day, he lent it to Gurmeet at the same rate but compounded annually. What does he gain at the end of 2 years?

MEDIUM
8th CBSE
IMPORTANT

The simple interest on a sum of money for 2 years at 8% per annum is 2400. What will be the compound interest on that sum at the same rate and for the same period?