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8th Class Mathematics Comparing Quantities Question Bank Comparing Quantities

  • question_answer
    Pankaj borrowed Rs. 8000 for 2 years at 15% per annum. Calculate the amount, if interest is
    (i) compounded annually
    (ii) compounded half yearly
               

    A)
    (i) (ii)
     Rs. 10550 Rs. 11883.25
                   

    B)
     Rs. 10090 Rs. 12432.75
                   

    C)
     Rs. 10580 Rs. 10502.50
                   

    D)
     Rs. 10580 Rs. 10683.75

    Correct Answer: D

    Solution :

    (i) \[\text{A=8000}{{\left( 1+\frac{15}{100} \right)}^{2}}=Rs.10580\] (ii) \[A=8000{{\left( 1+\frac{15}{200} \right)}^{4}}=Rs.\,\,10683.75\]


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