Calculate the amount and compound interest on ₹ 156250 for 1 1 2 years at 8 % per annum compounded half yearly.

Principal (P) = ₹ 156250 Rate (R) = 8 % p . a . or 4 % half-yearly Period (n) = 1 1 2 years = 3 half-year ∴ Amount (A) = P 1 + R 100 n = ₹ 156250 1 + 4 100 3 = ₹ 156250 × 26 25 3 = ₹ 156250 × 26 25 × 26 25 × 26 25 = ₹ 175760 ∴ C.I. = A - P = ₹ 175760 - ₹ 156250 = ₹ 19510 .

E M B I B E

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 1

HARD

8th ICSE

IMPORTANT

Earn 100

Calculate the amount and compound interest on

$₹ 15000$ for $2$ years at $10 %$ per annum compounded annually.

Important Questions on Simple and Compound Interest

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 1

Calculate the amount and compound interest on

$₹ 156250$ for $1 \frac{1}{2}$ years at $8 %$ per annum compounded half yearly.

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 1

Calculate the amount and compound interest on

$₹ 100000$ for $9$ months at $4 %$ per annum compounded quarterly.

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 2

Find the difference between the simple interest and compound interest on

₹ 4800

for

2

years at

5 %

per annum, compound interest being reckoned annually.

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 3

Find the compound interest on

₹ 3125

for

3

years if the rates of interest for the first, second and third year are respectively

4 %, 5 %

and

6 %

per annum.

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 4

Kamla borrowed

₹ 26400

from a Bank to buy a scooter at a rate of

15 % p . a .

compounded yearly. What amount will she pay at the end of

2

years and

4

months to clear the loan?

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 5

Anil borrowed

₹ 18000

from Rakesh at

8 %

per annum simple interest for

2

years. If Anil had borrowed this sum at

8 %

per annum compound interest, what extra amount would he has to pay?

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 6

Mukesh borrowed $₹ 75000$ from a bank. If the rate of interest is $12 %$ per annum and the amount he would be paying after $1 \frac{1}{2}$ years if the interest is compounded annually is $₹ A$ , then find the value of $A$ .

HARD

8th ICSE

IMPORTANT

ICSE Understanding Mathematics Class 8>Chapter 8 - Simple and Compound Interest>Exercise>Q 6

Mukesh borrowed $₹ 75000$ from a bank. If the rate of interest is $12 %$ per annum, find the amount he would be paying after $1 \frac{1}{2}$ years if the interest is

compounded half-yearly.