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IXM Compound Interest(for Ix)

The document contains a series of mathematical problems related to compound interest, including calculations for loans, investments, and interest rates. It covers various scenarios such as repayments, different time periods, and comparisons with simple interest. Each problem requires specific calculations to determine outstanding amounts, interest accrued, or future values based on given rates and time frames.

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2011hetikaasharma
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60 views1 page

IXM Compound Interest(for Ix)

The document contains a series of mathematical problems related to compound interest, including calculations for loans, investments, and interest rates. It covers various scenarios such as repayments, different time periods, and comparisons with simple interest. Each problem requires specific calculations to determine outstanding amounts, interest accrued, or future values based on given rates and time frames.

Uploaded by

2011hetikaasharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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IX Maths

COMPOUND INTEREST

1. A man borrows ₹8500 at 10% compound interest. If he repays ₹ 2700 at the end of each year,
find the amount of the loan outstanding at the beginning of the third year.

2. Calculate the compound interest for the second year and the third year on ₹ 16000 invested for 5
years at 10% per annum.

3. Saurabh invests ₹ 48000 for 7 years at 10% per annum compound interest. Calculate:
(i) the interest for the first year. (ii) the amount at the end of the second year.
(iii) the interest for the third year.

4. Find the sum that will amount to ₹ 4928 in 2 years at compound interest, if the rates for the
successive years are 10 per cent and 12 per cent respectively.

5. Calculate the difference between the compound interest and the simple interest on ₹ 10000 in 2
years at 5% per annum.

6. A certain sum of money is put at compound interest, compound half-yearly. If the interest for two
successive years are ₹ 650 and ₹760.50; find the rate of interest.

7. Mohit invests ₹ 8000 for 3 years at a certain rate of interest, compounded annually. At the end
of one year it amounts to ₹ 9440. Calculate:
(i) the rate of interest per annum. (ii) the amount at the end of the second year.
(iii) the interest accrued in the third year.

8. On a certain sum and at a certain rate per cent, the simple interest for the first year is ₹ 270 and
the compound interest for the first two years is ₹ 580.50. Find the sum and the rate per cent.

9. A sum of money placed out at compound interest amounts to ₹ 20160 in 3 years and to ₹ 24192 in 4
years. Calculate:
(i) the rate of interest (ii) amount in 2 years and (iii) amount in 5 years.

10. The population of a town increases 10% every 3 years. If the present population of the town is
72,600, calculate:
(i) its population after 6 years (ii) its population 6 years ago.

11. The cost of a machine depreciated by ₹4752 during the second year and by ₹. 4181.76 during the
third year. Calculate:
(i) the rate of depreciation (ii) the original cost (iii) the cost at the end of the third year.

12. The compound interest, calculated yearly, on a certain sum of money for the second year is ₹ 880
and for the third year is ₹ 968. Calculate the rate of interest and the sum of money.

13. A sum of money is invested at compound interest payable annually. The interest in first two
successive years is ₹ 1350 and ₹ 1440 respectively. Find:
(i) the rate of interest (ii) the original sum (iii) the interest earned in the third year.

14. A man borrows ₹ 10000 at 10% compound interest compounded yearly. At the end of each
year, he pays back 30% of the sum borrowed. How much money is left unpaid just after the
second year?

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