Blog Tag Exercise 9C

Question: Find the amount and the compound interest on Rs 24, 000 for 2 years at 10% per annum compounded yearly.

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Question: Find the amount and the C.I. on Rs 8,000 in 11/2 years at 20% per year compounded half-yearly.

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Question: Gautam takes a loan of Rs 16,000 for 2 years at 15% p.a. compound interest. He repays Rs 9000 at the end of first year. How much must he pay at the end of second year to clear the debt?

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Question: Find the amount and the compound interest on Rs 4,000 in 2 years, if the rate of interest for first year is 10% and for second year is 15%.

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Question: Rohit borrowed Rs 40,000 for 2 years at 10% per annum C.I. and Manish borrowed the same sum for the same time at 10.5 % per annum simple interest. Which of these two gives less interest and by how much?

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Question: Mr. Sharma lends Rs 24,000 at 13% p.a. simple interest and an equal sum at 12% p.a. compound interest. Find the total interest earned by Mr. Sharma in 2 years.

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Question: A person invests Rs 5,000 for two years at a certain rate of interest compounded annually. At the end of one year, this sum amounts to Rs 5,600. Calculate the rate of interest per annum and the amount at the end of the second year.

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Question: Calculate the compound interest on Rs 15,000 in 3 years; If the rate of interest for successive years be 6%, 8% and 10% respectively. Solution:

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Question: Calculate the compound interest for the second year on Rs 15,000 invested for 5 years at 6 % per annum.

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