Thursday, 11 March 2021

Compound Interest Solved Examples

 Solved Example:-

1) Find the simple interest on ₹ 9000 invested at the rate of 10 p.c.p.a for 3 years.

2) Neha invested ₹ 10000 at the rate 10 p.c.p.a . in a scheme for 3 years. Find the amount she gets after 3 years, if the interest is compounded annually.

3)Find the compound interest accruing annually on ₹ 5000 for 3 years at the rate of 10 p.c.p.a. Find the loan amount to at the end of 2 years and 3 years?

4) Ganesh invested ₹ 50000 in a nationalised bank for 2 years at the rate of 9 p.c.p.a. at compound interest. Calculate the amount and compound interest at the end of 2 years.

5) Ambadas took a loan of  ₹ 96000 at compound interest from a bank to drill well in his field. If the rate is 6.25 p.c.p.a. what amount will he have to pay to the bank if he returns the loan after 2 years ?. How much money would he have saved if being able to borrow the same amount at simple interest for the same period at the same rate?  

Solve By Yourself :-

1) The compound interest on ₹ 9000 invested for 2 years at the rate of 10 p.c.p.a. is ?

2) The amount after 3 years on a principal of  ₹ 64000 at the rate of compound interest 12 ½ p.c.p.a. is ?

Write your answers in the comment section below:-

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