Dheerubhai borrowed from District Cooperative Bank a sum of 2,000 to install a handpump in
his dairy. If the rate of interest is 8% per annum, calculate the compound interest that Dheerubhai
pars to the bank after 1
bany at 15% per annum for 2 years at compoun
1
years. The interest is compounded quarterly.
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In Exercise 14.1 of Chapter 14, we shall discuss problems based on the computation of compound interest when interest is compounded annually, half-yearly and quarterly. Students can refer to RD Sharma Solutions which is designed by our expert tutors for the purpose of strengthening the concepts and problem-solving abilities. Solutions here are developed with utmost care to help students analyze the problems competently and hence score good marks in their exams. Students can download the pdf from the links provided below.
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