Question 1: Find the amount and the compound interest on Rs. 5000 for 2 years at 8% per annum, compounded annually.
Answer:
Principal for the first year =
Interest for the first year =
Principal for the second year =
Amount at the end of second year =
Interest for the second year
Compound interest
Question 2: Find the amount and the compound interest on Rs. 8000 for 2 years at 6% per annum, compounded annually.
Answer:
Principal for the first year
Interest for the first year
Principal for second year
Interest for second year
Principal at the end of second year
Total compound interest
Question 3: Find the amount and the compound interest on Rs. 2500 for 2 years, compounded annually, the rate of interest being 6% during the first year and 8% during second year.
Answer:
Principal for the first year
Interest earned by end of first year
Principal for the second year
Interest earned for second year
Total interest
Amount at the end of the second year
Question 4: Find the amount and the compound interest on Rs. 2500 for 3 years at 6% per annum, compounded annually.
Answer:
Principal for the first year
Interest for first year
Principal for 2nd year
Interest for 2nd year
Principal for 3rd year
Interest for 3rd year
Amount at the end of the 3rd year
Question 5: Find the amount and the compound interest on Rs. 10000 for 3 years at 10 % per annum, compounded annually.
Answer:
Principal for the 1st year
Interest for 1st year
Principal for 2nd year
Interest for 2nd year
Principal for 3rd year
Interest for 3rd year
Amount at the end of the 3rd year
Total compounded interest
Question 6: ‘A’ took a loan of Rs. 25000 from corporate bank at 12% per annum, compounded annually. How much amount he will have to pay at the end of 3 years?
Answer:
Principal for the 1st year
Interest for the 1st year
Principal for 2nd year
Interest on 2nd the year
Principal for the 3rd year
Interest for the 3rd year
Amount at the end of 3rd year
Total compounded interest
Question 7: ‘A’ deposited Rs. 15625 in a bank at 8% per annum, compounded annually. How much amount will he get after 3 years?
Answer:
Principal for 1st year
Interest for 1st year
Principal for 2nd year
Interest for 2nd year
Principal for the 3rd year
Interest for the 3rd year
Amount at the end of the 3rd year
Question 8: A person lent out Rs. 16000 on simple interest and the same sum on compound interest for 2 years at 12.5% per annum. Find the ratio of the amounts received by him as interest after 2 years.
Answer:
Simple Interest
Principal for the 1st year
Interest for the 1st year
Interest for 2nd year
Total interest
Compound Interest
Principal for 1st year
Interest at the end of the 1st year
Principal for 2nd year
Interest at the end of the 2nd year
Total compound interest
Ratio of the interest
Note: We could also solve by using the formula
Answer 1:
Answer 2:
Answer 3:
Answer 4:
Answer 5:
Answer 6:
Answer 7:
Nice work
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