Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 8

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8th CBSE

IMPORTANT

Earn 100

MewaLal borrowed $₹ 20000$ from his friend Rooplal at $18 %$ per annum simple interest. He lent it to Rampal at the same rate but compounded annually. Find his gain after $2 y e a r s$ .

Important Questions on Compound Interest

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 9

Find the compound interest on

Rs 8000

for

9

months at

20 %

per annum compounded quarterly.

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 10

Find the compound interest at the rate of

10 %

per annum for two years on that principal which in two years at the rate of

10 %

per annum gives

₹ 200

as simple interest.

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 11

Find the compound interest on

₹ 64000

for

1 y e a r

at the rate of

10 %

per annum compounded quarterly.

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 12

Ramesh deposited

₹ 7500

in a bank which pays him

12 %

interest compounded quarterly. What is the amount which he receives after

9

months?

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 13

Anil borrowed a sum of

₹ 9600

to install a hand pump in his dairy. If the rate of interest is

5 \frac{1}{2} %

per annum compounded annually, determine the compound interest which Anil will have to pay after

3 y e a r s

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IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 14

Surabhi borrowed a sum of

₹ 12000

from a finance company to purchase a refrigerator. If the rate of interest is

5 %

per annum compounded annually, calculate the compound interest that Surabhi has to pay the company after

3 y e a r s

.

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 15

Daljit received a sum of

₹ 40000

as a loan from a finance company. If the rate of interest is

7 %

per annum compounded annually, calculate the compound interest that Daljit pays after

2 y e a r s

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8th CBSE

IMPORTANT

Mathematics for Class 8>Chapter 14 - Compound Interest>EXERCISE>Q 1

Compute the amount and the compound interest in each of the following by using the formulae when:

Principal $=$ $₹ 3000$ , Rate $=$ $5 %$ , Time $=$ $2 y e a r s$ .