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Varnu Singh

Asked: March 9, 2021In: Class 8 Maths

Arif took a loan of ₹ 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after 3/2 years if the interest is: (i) compounded annually. (ii) compounded half yearly.

NCERT Solutions for Class 8 Mathematics Chapter 8 Important NCERT Questions Comparing Quantities Chapter 8 Exercise 8.3 NCERT Books for Session 2022-2023 CBSE Board Questions No: 6

Varnu Singh

Asked: March 9, 2021In: Class 8 Maths

Vasudevan invested ₹ 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get: (i) after 6 months? (ii) after 1 year?

NCERT Solutions for Class 8 Mathematics Chapter 8 Important NCERT Questions Comparing Quantities Chapter 8 Exercise 8.3 NCERT Books for Session 2022-2023 CBSE Board Questions No: 5

Varnu Singh

Asked: March 9, 2021In: Class 8 Maths

I borrows ₹ 12,000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?

NCERT Solutions for Class 8 Mathematics Chapter 8 Important NCERT Questions Comparing Quantities Chapter 8 Exercise 8.3 NCERT Books for Session 2022-2023 CBSE Board Questions No: 4

Varnu Singh

Asked: March 9, 2021In: Class 8 Maths

Fabina borrows ₹ 12,500 per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?

NCERT Solutions for Class 8 Mathematics Chapter 8 Important NCERT Questions Comparing Quantities Chapter 8 Exercise 8.3 NCERT Books for Session 2022-2023 CBSE Board Questions No: 3

Varnu Singh

Asked: March 9, 2021In: Class 8 Maths

Kamala borrowed ₹ 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan? (Hint: Find A for 2 years with interest is compounded yearly and then find SI on the 2ⁿᵈ year amount for 4/12 years).

NCERT Solutions for Class 8 Mathematics Chapter 8 Important NCERT Questions Comparing Quantities Chapter 8 Exercise 8.3 NCERT Books for Session 2022-2023 CBSE Board Questions No: 2

Arif took a loan of ₹ 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after 3/2 years if the interest is: (i) compounded annually. (ii) compounded half yearly.

Vasudevan invested ₹ 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get: (i) after 6 months? (ii) after 1 year?

I borrows ₹ 12,000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?

Fabina borrows ₹ 12,500 per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?

Kamala borrowed ₹ 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan? (Hint: Find A for 2 years with interest is compounded yearly and then find SI on the 2ⁿᵈ year amount for 4/12 years).

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