Question

You are requested to imagine having invested Rs 5000 in three different
schemes of any bank or post office for 2 years at 10 % p.a

(a) Scheme 1 – where you earn simple interest
(b) Scheme 2 - where your money is compounded annually
(c) Scheme 3 – where your money is compounded semi annually.
Find the amount and interest earned in each case and note your observations.
Repeat the process for Rs. 10,000. , Rs 15,000. , Rs 20,000. , 25,000. , 30,000. ,
35,000. , 40,000. , 45,000 and Rs 50,000.

this Q. is from compound interest chapter in class 9th

Answer 1

Answer:

for scheme 1

interest 1000

amount 6000