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

Are you looking for DAV Maths Solutions for class 8 then you are in right place, we have discussed the solution of the Secondary Mathematics book which is followed in all DAV School. Solutions are given below with proper Explanation please bookmark our website for further updates!! All the Best !!

## Compound Interest|| Unit 6 Worksheet 3

1. Find the amount for ₹15,000 at 8% per annum compounded annually for 2 years.

2. Find the compound interest on ₹11,200 at 17½ % per annum for 2 years.

3. Ram borrowed a sum of ₹30,000 from Shyam for 3 years. If the rate of interest is 6% per annum compounded annually, find the interest paid by Ram to Shyam after 3 years.

4. Nidhi deposited ₹7,500 in a bank which pays her 4% interest per annum compounded annually. Find the amount and the interest received by her after 3 years.

5. Find the difference between the compound interest and the simple interest on ₹ 30,000 at 7% per annum for 3 years.

6. Aman borrows ₹ 14,500 at 11% per annum for 3 years at simple interest and Tarun borrows the same amount at 10% per annum for same time compounded annually. Who pays more interest and by how much?

7. The simple interest on a certain sum of money for 2 years at 5½% is ₹ 6,600. What will be the compound interest on that sum at the same rate for the same time period?

8. A certain sum amounts to ₹ 2,970.25 in 2 years at 9% per annum compounded annually. Find the sum.

9. On what sum will the compound interest at 7½ % per annum for 3 years compounded annually he ₹ 3,101.40?

10. At what rate per cent will a sum of ₹ 640 be compounded to ₹ 774.40 in 2 years?

11. At what rate per cent will a sum of ₹ 64,000 be compounded to ₹ 68,921 in 3 years?

12. In how many years will ₹ 8,000 amount to ₹ 9,261 at 5% per annum compounded annually?

13. In what time will a sum of ₹ 3,750 at 20% per annum compounded annually amount to ₹ 6,480?

14. The difference between the compound interest and simple interest on a certain sum of money at 6⅔ % per annum for 3 years is ₹ 46. Find the sum.

15. The difference between the compound interest and the simple interest on a certain sum of money at 15% per annum for 3 years is ₹ 283.50. Find the sum.

16. Find the amount and the compound interest on ₹ 12,800 for 1 year at 7½% p.a compounded semi-annually.

17. Mr Arora borrowed ₹ 40,960 from a bank to start a play school. If the bank charges 12½% p.a. compounded half-yearly, what amount will he have to pay after 1½ years?

18. Meera lent out ₹ 20,000 for 9 months at 20% p.a. compounded quarterly to Mrs Sharma. What amount will she get after the expiry of the period?

19. Find the amount and the compound interest on ₹ 24,000 for 6 months if the interest is payable quarterly at the rate of 20 paise a rupee per annum.

### 2 thoughts on “Chapter 6 | Compound Interest | Class-8 DAV Secondary Mathematics”

1. Answer of w3 questions 2nd is wrong