ML AGGARWAL CLASS 8 CHAPTER 8 Simple and Compound Interest Exercise 8.2
Exercise 8.2
Question 1
Sol :
Given
principal p = 6000
Rate R = 10 %
Time T = 2 Year
Interest for first year = PTR100
6000×4×10100
I1 = 6000
Amount at the end of the First year =6000+600
Principal for second year =266001
Interest for Second year =PTR100
=6600×1×10100
I2=660
Amount at the end of second yean =6600+660=7260/−
∴ Compound interest for 2 year = final amount - (original) principal
= 7260 - 6000
= 1260
Question 2
Sol-
Principal for first year(P1)=₹1875/− Rate (R)=4% Time (T)=2 years. Interest for first year (I1)=P1×T1×R100=1875×1×4100I1=₹75
Amount at the end of first year =1875+75
=1950
Interest for Second your I2=1950×1×4100
I2=78/−
∴ Compound Interest after 2 year =I1+I2
=75+78=153
Hence, Salma has to pay 2153 as compound Interest to the Mahila samit
Question 3
Sol :
Principal for first year (R1)=12000
Rate=10%, Time =3 years
interest for first year (I1)=12000×1×10100I1=₹1200
Total amount at the end of first year 12000+1200
=13200
principal for second year = Rs 13200
interest for second year I2= 13200×1×10100
=₹ 1320
Total amount at the end of the second year is 13200 + 1320 = Rs 14520
Principal amount for third year = Rs 14520
Interest for third year I3=14520×1×10100
I3=₹1452
Total amount at the end of third year =14520+1452=₹15972
Compound Interest for 3 years = Final amount − Principal (P1)=15972−12000=23972
Hence , At the end of 3 year jacob will get total
Amount as Rs 15972 and compound interest Rs 3972
Question 4
Sol :
Given
Principal (P1)=46875
Rate (R)=4 %, Time =3 years.
principal amount for first year (p1) = Rs 46875
Rate (R) = 4 % time = 3 years
(i) Interest for first year (I1)
I1=1875
Total amount at the end of Girst year =46875+1875=48750
Principal amount for second year(R2)= 2 48750
Interest for Second year (I2)=48750×4×1100
I2= Rs 21950
(ii) Total amount at the end of second year
= 48750 + 1950
= Rs 50700
Principal for third year (P3)= Rs 50700
(iii) Interest for third year (I3)=50700×1×4100=2028
Hence ,
(i) The interest for first year =21875
(ii) The Amount standing to his credit at the end of
second year is Rs 50700
(iii) The interest for third year =Rs 2028
Question 5
Sol :
Given
Principal =260001 , Time =3 years
Rate =10
Principal amount for first year(P1)=26000
Interest for first year (I1)=6000×1×10100
Total amount at the end of first year 6000+600
=6600
Principal for second year (P2)=6600
(i) Interest for second year (I2)=6600×1×10100
I2=₹660
Total amount at the end of second year =6600+660
=7260
Principal for third year (P3)=27260 Interest for Third year (−I3)=7260×1×10100I3=726/−
(ii) Total amount at the end of third year = 7260 + 726
= Rs 7986
hence
(i) Compound interest for second year = Rs 660
(ii) Total amount at the end of the third year = Rs 7986
Question 6
Sol :
principal amount for first year (P1)=Rs 5000
Rate of interest for first year (R1)=6%
Interest for first year =5000×1×6100(I1)=300
Total amout at the end of first year =5000+300=5300 Principal amourt for second year (P2)=5300 Rate of Interest for Second year=8%. Compomd Interest for Second year =5300×1×8100
(I2)=424
Total amount at the end of second year =5300+424=5724
Compound interest for 2 years = final amount − Principal (P1)=5724−5000=₹724
Hence total amount after 2 year = Rs 5724
Compound interest for 2 year = Rs 724
Question 7
Sol :
Given principal = Rs 20000
Time = 2 year
Rate of interest = 8%
Simple Interest (I)=PTR100
=20000×2×8100
Simple Interest (I.)=33200
Let compound interest as 'C'
Interest for first year = 20000×1×8100
I1=1600
Total amount at the end of first year = 20000+ 1600
= 21600
Compound interest for 2 year = I1+I2
=1600+1728
C=3328
∴ Difference between the compound interest and
simple interest is (c - I ) = 3328 - 3200
= Rs 128
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