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EXERCISE - 1

1. A man invests Rs.4, 68, 750 at 4% per annum compound interest for 3 years. Calculate.

  1. The amount at the end of one year.
  2. The interest for second year.
  3. Compound interest after 3 year.

2. A sum of Rs.9,600 is invested for 3 years at 10% per annum compound interest.

  1. What is the sum due at the end of the first year?
  2. What is the sum due at the end of the second year?
  3. Find the compound interest earned in first 2 years
  4. Find the compound interest for the third year.

3. A person invests Rs.5,600 at 14% p.a. compound interest for 2 years. Calculate

  1. The interest for the 1st year.
  2. The amount at the end of 1st year.
  3. The interest for the 2nd year correct to nearest rupee (Re.).

4. A person invests Rs.6,000 at 10% interest for 2 years. Calculate.

  1. The interest for the 1st year
  2. The amount at the end of the first year.
  3. The interest for the second year.

5. A man borrowed a sum of money and agreed to pay off by paying Rs.3, 150 at the end of the 1st year and Rs.4,400 at the end of the second year. If the rate of compound interest is 5% per annum, find the sum borrowed.

6. A sum of money is invested at C.I. payable annually, the interest in the two successive years is Rs.225 and Rs.240. Find the rate of interest.

7. A certain sum amounts to Rs.5,292 in two years and to Rs.5,556.60 in three years at C.I. Find the rate and the sum.

8. The compound interest, calculated yearly, on a certain sum of money for the second year is Rs. 880 and for the third year is Rs.968. Calculate the rate of interest and the original money.

9. The compound interest on a certain sum of money at 5% per annum for 2 years is Rs.246. Calculate the simple interest on the same sum for 3 years at 6% per annum.

10. What sum of money will amount to Rs.3630 in 2 years at 10% per annum compound interest.

Answers
1. Rs. 48750 ; Rs. 19500; Rs. 58530 2. Rs. 10560 ; Rs. 11616 ; Rs. 2016; Rs. 1161.60 3. Rs. 784 ; Rs. 6384 ; Rs. 894
4. Rs. 840 ; Rs. 6840 ; Rs. 957.60 5.  Rs. 7,000 6. 6(2/3)%
7. 5% Rs. 4800 8. 10%, Rs. 8000 9. Rs. 432
10. Rs. 3,000    

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Maths by Mr. M. P. Keshari

 

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  Chapter - 4   Chapter - 5   Chapter - 6
  Chapter - 7   Chapter - 8   Chapter - 9
  Chapter - 10   Chapter - 11    

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