Exercise 6 (A)
Find the compound interest on the following:
Principal
Rate% p.a.
Number of years
1. 10000
12%
2. 5000
10%
3. Find the amount and compound interest on a sum
runt and compound interest on a sum of 15625 at 4% per anar
annually.
4. Shankar takes a loan of 10.000 at a compound interest rate of 10 per
(i) Find the compound interest after one year.
(ii) Find the compound interest for 2 years.
(111) Find the sum of money required to clean the debt at the end of 2
I Find the difference between compound interest and simple inter
Multiple Choice Questions (MCQs)
5. If the simple interest on a sum at 4% per annum for 2 years is?
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