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14. Compound Interest
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Q6 of 89 Page 14

Swati took a loan of Rs. 16000 against her insurance policy at the rate of 12% per annum. Calculate the total compound interest payable by Swati after 3 years.

Given,


Principal = Rs.16000


Rate = 12%


Time = 3 years


Compound interest =


=


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Find the compound interest on Rs. 1000 at the rate of 8% per annum for 1 years when interest is compounded half yearly.

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Find the compound interest on Rs. 160000 for one year at the rate of 20% per annum, if the interest is compounded quarterly.

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Roma borrowed Rs. 64000 from a bank for 1years at the rate of 10% per annum. Compare the total compound interest payable by Roma after 1years, if the interest is compounded half-yearly.

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Questions · 89
14. Compound Interest
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