Applications of Compound Interest Formula

IMPORTANT

Applications of Compound Interest Formula: Overview

This topic covers the Applications of Compound Interest Formula.

Important Questions on Applications of Compound Interest Formula

MEDIUM
IMPORTANT

The annual rate of growth in population of a town is 10%. If its present population is 33275, then the population of the town 3 years ago was _____.

EASY
IMPORTANT

The value of a machine depreciates at the rate of 10% per annum. Mr Agarwal buys a machine for 5,00,000 . In how many years will its value be reduced to 3,64,500?

MEDIUM
IMPORTANT

Three years ago, the population of a city was 50000. If the annual increase during three successive years is 5%, 8% and 10% respectively, find the present population of the city.

MEDIUM
IMPORTANT

In a laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria approximately at the end of 2 hours if the count was initially 5,06,000.

HARD
IMPORTANT

The birth rate and death rate per year of a village are 6% and 4%, respectively. If the total population of the village is 40,000, find the population after two years.

EASY
IMPORTANT

Ram deposited 100 rupees in bank at 10% compound interest. He wants to extract all the money after 2 years. How much amount he will receive?

EASY
IMPORTANT

The value of a machine is  500000. If its value is depreciating at 10% every year, in how many years will its values reduce to 364500

EASY
IMPORTANT

The cost of a watch depredates by 360 during the second year of purchase and by 324 during the third year of the purchase. Find the price of the watch at the end of 3rd year where the purchase price of watch is 4000 and rate of depreciation is 10%.

EASY
IMPORTANT

The cost of a watch depreciates by  360 during the second year of purchase and by  324 during the third year of the purchase. Find 
the purchase price.

EASY
IMPORTANT

The cost of a watch depredates by 360 during the second year of purchase and by 324 during the third year of the purchase. Find the rate of depreciation per year.

EASY
IMPORTANT

If the value of a machine worth  48000 depreciates to  40627.20 in 2 years, find the rate of depreciation. 

EASY
IMPORTANT

The value of property depreciates by 15% every year, If the present value of a property is  289000, find its value  after 2 years. 

EASY
IMPORTANT

The value of property depreciates by 15% every year, If the present value of a property is  289000, find its value  2 years ago.

EASY
IMPORTANT

The value of a scooter is  32000. Its value depreciates by 5% every year. Find the depreciation in its value in the next 3 years. 

EASY
IMPORTANT

A T.V. was purchased two years ago. Its value has depreciated at the rate of 5% per year. If the present value of the T.V is 3610, find its value at the time of purchase. 

EASY
IMPORTANT

 The present value of a machine is 8000. If its value depreciates at 3 p.a., find the depreciated value of the machine after 2 years. 

EASY
IMPORTANT

The population of a metro was 8000000, three years ago. If it has increased at the rate of 125 per thousand every year, find the present population of the metro. 

EASY
IMPORTANT

The present population of city is 1525000. If the population increases at 8% in 5 years, find the population of the city after 10 years. 

EASY
IMPORTANT

The population of a village decreased during the last two years at 4% per year. If its present population is 6912, find the population 2 years ago. 

EASY
IMPORTANT

The present population of a city is 1050000. If the population of the city increases at the rate of 10% per year, find the population of the city after 4 years.