Question

PRACTICE TIME
1. Sunil deposited * 12,000 with a finance company at the rate of 9.5% per annum compounded annu
for 2 years. Calculate the interest received by him after 2 years.
2. Devesh gave Manav 7 1,250 on compound interest for 2 years at the rate of 12% per annum. How me
less would Devesh have got had he given the money to Manav for 2 years on simple interest at there
of 4% per annum?
3. Pratap borrowed 7 10,000 from a bank at the rate of 10% per annum simple interest and lent it to Gaura
at the rate of 10% per annum compound interest. What will be his gain after 3 years?
729
4. A sum compounded annually becomes times of itself in 3 years. Find the rate of interest per annum
512
5. Kusum and Ravi borrowed 380,000 and 60,000 respectively for a period of 3 years. Kusum paid simpl
interest at the rate of 20% per annum, while Ravi paid compound interest at the rate of 20% per annum
compounded annually. Who paid more interest and by how much?
6. The difference between the simple interest and the compound interest on a certain sum for 2 years at the rate of 10 percent is rupee 50 find the ?​

Answer 1

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