ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Ex 8.2
Calculate the compound interest on ₹6000 at 10% per annum for two years.
Salma borrowed from Mahila Samiti a sum of ₹ 1875 to purchase a sewing machine. If the rate of interest is 4% per annum, what is the compound interest that she has to pay after 2 years?
Jacob invests ₹12000 for 3 years at 10% per annum. Calculate the amount and the compound interest that Jacob will get after 3 years.
A man invests ₹46875 at 4% per annum compound interest for 3 years.
(i) the interest for the first year.
(ii) the amount standing to his credit at the end of second year.
(iii) the interest for the third year.
Calculate the compound interest for the second year on ₹6000 invested for 3 years at 10% p.a. Also find the sum due at the end of third year.
Calculate the amount and the compound interest on ₹5000 in 2 years when the rate of interest for successive years is 6% and 8% respectively.
Calculate the difference between the compound interest and the simple interest on ₹20000 in 2 years at 8% per annum.