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

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DAV SOLUTIONS CLASS 8 Secondary Mathematics || Compound Interest

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.

• DAV class 8 Maths Book Solutions
• Chapter 1 | Square and Square Roots | Class-8 DAV Secondary Mathematics
• Chapter 2 | Cube and Cube Roots | Class-8 DAV Secondary Mathematics
• Chapter 3 | Exponents And Radicals | Class-8 DAV Secondary Mathematics
• Chapter 4 | Direct And Inverse Variation | Class-8 DAV Secondary Mathematics
• Chapter 5 | Profit, Loss And Discount | Class-8 DAV Secondary Mathematics
• Chapter 6 | Compound Interest | Class-8 DAV Secondary Mathematics
• Chapter 7 | Algebraic Identities | Class-8 DAV Secondary Mathematics
•  Chapter 8 | Polynomials | Class-8 DAV Secondary Mathematics
• Chapter 9 | Linear Equations In One Variable | Class-8 DAV Secondary Mathematics
• Chapter 10 | Parallel Lines | Class-8 DAV Secondary Mathematics
• Chapter 11 | Understanding Quadrilaterals | Class-8 DAV Secondary Mathematics
• Chapter 12 | Construction Of Quadrilaterals | Class-8 DAV Secondary Mathematics
• Chapter 13 | Introduction To Graphs | Class-8 DAV Secondary Mathematics
• Chapter 14 | Mensuration | Class-8 DAV Secondary Mathematics
• Chapter 15 | Statistics and Probability | Class-8 DAV Secondary Mathematics
• Chapter 16 | Rotational Symmetry | Class-8 DAV Secondary Mathematics