# Chapter 6 | Compound Interest | Class-8 DAV Secondary Mathematics

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## Compound Interest|| Unit 6 Worksheet 2

1. Compute the compound interest on ₹5,000 for 1½ years at 16% p.a. compounded half-yearly.

2. Find the compound interest on ₹15,625 at 16% p.a. for 9 months when compounded quarterly.

3. Rohit deposited ₹ 10,000 in a bank for 6 months. If the bank pays compound interest at 12% p.a. reckoned quarterly, find the amount to be received by him on maturity.

4. Find the difference between the compound interest on ₹25,000 at 16% p.a. for 6 months compounded half-yearly and quarterly respectively. Which option is better?

5. Bela borrowed ₹25,000 from a finance company to start her boutique at 20% p.a. compounded half-yearly. What amount of money will clear her debt after 1½ years?

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