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17. Compound Interest
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Q4 of 30 Page 125

Bhakti borrowed Rs 4000 from a women’s savings group to buy a sweing machine. If the rate of compound interest is 5 p.c.p.a., what amount will she have to return at the end of 3 years?

Given: Principal (P) = Rs. 4,000, Rate of Interest (R) = 5% and Number of years (n) = 3year

As Amount (A):






⇒ A = Rs. 4630.50


Amount bhakti have to pay to the bank in 3 year = Rs 4630.50.


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Ganesh invested Rs 50,000 in a nationalized bank for 2 years at the rate of 9 p.c.p.a at compound interest. What amount will Ganesh receive from the bank at the end of 2 years?

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In order to buy a colour TV set, Altaf borrowed Rs 12,000 from a bank at a compound rate of interest of 10 p.c.p.a. for 2 years. What is the amount that Altaf must pay bank to the bank at the end of 2 years?

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Shreya won a cash prize of Rs 1250 for standing first in the Std VII exam. She invested that amount as a term deposit in a bank for 3 years at a rate of compound interest of 8 p.c.p.a. What is the amount that she will receive from the bank at the end of the term?

1

Write the proper numbers in the blanks in the table below.

Questions · 30
17. Compound Interest
1 1 1 1 1 2 3 4 1 1 1 1 1 1 2 3 4 5 1 1 1 1 1 1 2 3 1 2 3 4
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