Skip to content
Philoid
Browse Saved
Back to chapter
Maths
14. Compound Interest
Home · Class 8 · Maths · Ref. Book · 14. Compound Interest
Prev
Next
Q2 of 89 Page 14

Find the amount of Rs. 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.

Given,


Principal = Rs.2400


Rate = 20% per annum


Time = 3 years


Hence,


Compound interest =


=


So,


Amount = principal + compound interest


= 2400 + 1747.20 = Rs.4147.20


More from this chapter

All 89 →
15

Daljit received a sum of Rs. 40000 as a loan from a finance company. If the rate of interest is 7% per annum compounded annually, calculate the compound interest that Daljit pays after 2 years.

1

Compute the amount and the compound interest in each of the following by using the formulae when :

(i) Principal = Rs. 3000, Rate = 5%, Time = 2 years


(ii) Principal = Rs. 3000, Rate = 18%, Time = 2 years


(iii) Principal = Rs. 5000, Rate = 10 paise per annum, Time = 2 years


(iv) Principal = Rs. 2000, Rate = 4 paise per annum, Time = 3 years


(v) Principal = Rs. 12800, Rate = 7%, Time = 3 years


(vi) Principal = Rs. 10000, Rate = 20% per annum compounded half-yearly, Time = 2 years


(vii) Principal = Rs. 160000, Rate = 10 paise per rupee per annum compounded half yearly, Time = 2 years.

3

Rahman lent Rs. 16000 to Rasheed at the rate of 12% per annum compound interest. Find the amount payable by Rasheed to Rahman after 3 years.

4

Meera borrowed a sum of Rs. 1000 from Sita for two years. If the rate of interest is 10% compounded annually, find the amount that Meera has to pay back.

Questions · 89
14. Compound Interest
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1 2 3 4 5 6 7 8
Back to chapter
ADVERTISEMENT
About Contact Privacy Terms
Philoid · 2026
  • Home
  • Search
  • Browse
  • Quiz
  • Saved