Question

[8TH GRADE MATHEMATICS COMPOUND INTEREST QUESTIONS]


5 . Sangeeta lent rs. 40,960 to Amar to purchase a shop at 12.5% per annum. If the interest is compounded semi-annually, find the interest paid by Amar after 1½ years.

6. Sudhir lent rs. 2,000 at compound interest at 10% payable yearly, while Prashant lent rs.32,000 at compound interest at 10% payable half-yearly. Find the difference in the interest received by Sudhir and Prashant at the end of one year.

7. Find the difference between the simple interest and compound interest on 16,000 for 1½ years per annum, compound interest being reckoned half yearly.


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Answer 1

Answer:

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Step-by-step explanation:

ty po sa points