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14. Compound Interest
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Q11 of 89 Page 14

Find the compound interest on Rs. 64000 for 1 year at the rate of 10% per annum compounded quarterly.

Given,


Principal = Rs.64000


Time = 1 year = 1×4 = 4 quarters


Rate = 10% =


Hence,


Compound interest =


=


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9

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

10

Find the compound interest at the rate of 10% per annum for two years on that principal which in two years at the rate of 10% per annum given Rs. 200 as simple interest.

12

Ramesh deposited Rs. 7500 in a bank which pays him 12% interest per annum compounded wuarterly. What is the amount which he receives after 9 months.

13

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Questions · 89
14. Compound Interest
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