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14. Compound Interest
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Q7 of 89 Page 14

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.

Given,


Principal = Rs. 64000


Time = 1years =


Rate= 10% =


Compound interest =


=


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5

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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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.

8

Mewa lal borrowed Rs. 20000 from his friend Rooplal at 18% per annum simple interest. He lent it to Rampal at the same rate but compounded annually. Find his gain after 2 years.

9

Find the compound interest on Rs. 8000 for 9 months at 20% per annum compounded quarterly.

Questions · 89
14. Compound Interest
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