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1. Life Mathematics
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Q8 of 94 Page 29

Vicky borrowed Rs. 26,400 from a bank to buy a scooter at the rate of 15% p.a. compounded yearly. What amount will he pay at the end of 2 years and 4 months to clear the loan?

Capital = 26,400

Rate of interest = 15%


Time = 2 years


Amount =


=


= 36,659.7


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6

Find the compound interest on Rs. 15,625 for 9 months, at 16% per annum compounded quarterly.

7

Find the Principle that will yield a compound interest of Rs. 1,632 in 2 years at 4% rate of interest per annum.

9

Arif took a loan of Rs. 80,000 from a bank. If the rate of interest is 10% p. a., find the difference in amounts he would be paying after 11/2 years if the interest is

(i) compounded annually and


(ii) compounded half - yearly.

10

Find the difference between simple interest and compound interest on Rs. 2,400 at 2 years at 5% per annum compounded annually.

Questions · 94
1. Life Mathematics
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