Exercise 8.

1
1. Find the simpleintereston «4000at Also find the
P•a•for 3 years 3 months.
amount.
2. What sum of money will yield e 170.10as simple interest in 2 years 3 months at 6%
perannum?
3. Find the rate of interest when 000 fetches <130 as simple interest in 2 years
6 months.
4. Find the time when simple interest on 0.3 lakhs at 6.5% per annum is e 75075.
 131
Simpleand

sum of money when

the
filld
5. ißple interest at p.a. for 2—years is 0356.25
(i) s
final amount is at 4% p.a. for 3 years 3 months. annum
(ii) per
will it take a certain sum of money to triple itself at 13— %
long
I-IoW
At the same
simple to æ4576.50 in 2 years.
of interest <4050 amounts
1 a certain rate interest, how amount to in 3 years?
much would < 1 lakh twice
rate of simple interest for 2 years produces
money invested at 7.5% p.a. simple
what sum of simple interest?
S. as 0600 in 3 years 6 months at 10% p.a.
money invested be < P. According to given information,
[Hint.Let the
9600 x-
twice of 100
2.1
100
 Exercise 8.2
Calculatethe per annum for two years.
compound intereston at
2. Salma to purchase a sewing mac
borrowed from Mahila Samiti a sum Of e 1875
If the rate of compound
what is the interest that she has
interest is 4% per annum,
pay after 2
years?
3• Jacob invests per annum. Calculate the amount and
02000 for 3 years at
compoundinterest that Jacob will get after 3 years.
4. A man compound interest for 3 years. Calculate
investsu6875 .
at 4% per annum
(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.
5• Calculatethe compound interest for the second year on e 6000 invested for 3 years at
10%p.a. Also find the sum due at the end of third year.
6• Calculatethe amountand the compound interest on «5000 in 2 years when the rate
of interest for successiveyears is 6% and 8% respectively.
7' Calculate the differencebetween the compound interest and the simple
00000 in 2 years at 8%per annum. interest on
 Exercise 8.3
1. Calculate the amount and compoundintereston
(z) 15000 for 2 years at 10% per annum compounded annually.

(it) 156250for 1—years at 8% per annum compoundedhalf yearly.

(iiz) for 9 months at 4% per annum compounded quarterly.
2• Find the difference between the simple interest and compoundintereston «4800for
2 years at 5% per annum, compound interestbeing reckonedannually.
 d the compound Simple Compound Interest 145
interest on and
d and third Year
3, are
respectivelyfor 3 years if the rates of interest for the first,
4%,5%
and per annum.
Bank
pay attothe
buy a Scooter at a rate
of p.a. compounded
loan. end of 2 years and 4 months to clear the
•1borrowed 18000 from
5. had borrowed this sum Rakesh at 80/0
has to at 80/o per per annum simple interest for 2 years. If
would he pay? annum compound
interest, what extra amount
Mukesh borrowed 75000
6. from a bank.
the amount he would be If the rate of interest is per annum, find
paying after
1 years if the interest is
(i) compounded annually 2
an invested 10000
7.Arym
compounded
in a
annually. Find company. He would be paid interest at 7% per annum

(i) the amount received by him

at the end of 2
the interest for the years.
(ii) 3rd year.
What sum Of money will
8. amount to 0261 in 3 years
interest? at 5% per annum compound

9. What sum invested for 1—

1
2
years compoundedhalf-yearly at the rate 8% p.a. will
amount to 140608?
10.At what rate percent will 0000 amountto <2315.25in 3 years at compound
interest?
11.If e 40000 amounts to <46305in 1—years, compound interest payable half yearly, find
the rate of interest per annum.
12.In what time will < 15625amount to 07576 at 4% per annum compound interest?
13.O6000 invested at 10%p.a. compounded semi-annually amounts to < 18522.Find the
time period of the investment.
 MULTIPLE CHOICE quarterly o thehex
QUESTION th
3. The compound
s are alled
oven 2 con
intereston four
(a) 090 e 1000 options conversion
at 100/ (3 to periods •
(b) e210 o p.a.
4. The compound for 2
intereston Years
%OOO at 200/ is
yearly is 0 per
(a) %655 um for
(b) 0655 (d)
5. The compound interest on 00000 2Years
at 80/ oper
(c)
?750 compounded
annum half
for6
months
(a) «408 (b) 00404 (d)?
1000
compounded
quarterly
6. The time periods and rate for a sum taken
at 8%p.a. (d) ?400
yearly are for 1!
2 Years
compounded
half

7. If «12000 taken for 2 years at 4% per annum compounded

quarterly,
thentime
period

(d) n = 8, R =
16%.
8. If the number of conversion periods 2 2, then compound interestis
(a) less than or equal to simple interest
(b)greater than or equal to simple interest
(c) less than simple interest
(d)greater than simple interest.
9. The time in which %000 amounts to e 7986 at 10%p.a. compoundedannuallyis
(a) 2 years (b) 3 years (c) 4 years (d) 5 years.

Higher Order Thinking Skills (HOTS)

1. A certainsum of money is invested at the rate of 5% per annum compoundinterest,
the interestcompounded annually. If the difference between the interests of thirdyear
and first
year is 002.50. Find the sum.
2. The differencebetweenthe
compound interest and the simple interest on U2000for
two years is 005 at the same
rate of interest per annum. Find
(i) the rate of interest
(ii) the compound interest earned in second year.
 Check Your Progress
1. Find the amount and the compound per annum,
interest on R5000 for 2 years at 6%
interest payable yearly.
2. Find the amount and the compound 5% per annum,
intereston R7400for I year at
interest payable half yearly.
3. Find the difference between C.I and S.I
on sum of 5000for 2 years at 8% per annum
payable yearly.
4. Find the amount and compoundintereston æ10000for I— years at 10% per annum,
compounded half yearly. Would this interest be more than the interest he would get if

it was compounded annually?

5. What sum invested for 1—years compoundedhalf yearly at the rate of 4% p.a. will
amount to Z132651?
6. Find the time (in years) in which <12500will produce 0246.40 as compound interest
at 8% per annum, compounded annually.
7. Find the amount and compoundintereston 0500 in 2 years if the rates are 5% and 6%
for the successive years.