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ML Aggarwal CBSE Solutions Class 8 Math Seventh Chapter Compound Interest Exercise 7.1

The document provides solutions for Class 8 Math Chapter on Compound Interest, specifically Exercise 7.1. It includes calculations for various principal amounts, interest rates, and time periods, demonstrating how to compute compound interest and compare it with simple interest. Key examples illustrate the step-by-step process of calculating the amount and interest for different scenarios.

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riyadwivediriyadwivedi1962
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13 views3 pages

ML Aggarwal CBSE Solutions Class 8 Math Seventh Chapter Compound Interest Exercise 7.1

The document provides solutions for Class 8 Math Chapter on Compound Interest, specifically Exercise 7.1. It includes calculations for various principal amounts, interest rates, and time periods, demonstrating how to compute compound interest and compare it with simple interest. Key examples illustrate the step-by-step process of calculating the amount and interest for different scenarios.

Uploaded by

riyadwivediriyadwivedi1962
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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ML Aggarwal CBSE Solutions Class 8 Math Seventh

Chapter Compound Interest Exercise 7.1


By Krishna Last updated: May 29, 2021

ML Aggarwal CBSE Solutions Class 8 Math 7th


Chapter Compound Interest Exercise 7.1
(1) A = P (1+ R/100)n

Given P = 6000/-

R = 10%

N = 2 years

= 6000 (1+ 10/100)2

= 6000 X (100+10/100)2

= 6000 X (110/100)2

= 6000 X 110/100 X 110/100

= 7260

∴ C.I. = A – P = 7260 – 6000

= 1260 /- (Ans)

(4) (i) P1 for 1 year = 46875 /-

R = 4%

T1 = 1 year

I for 1 year = P1RT1/100

= 46875 X 4 X 1/100

= 1875 /- (Ans)

(ii) P2 for 2 year = 46875 + 1875

= 48750 /-

R=4%

T1 = 2 years

I for 2nd year = P2 R T2/100

= 48750 X 4 X 1/100

= 1950

Amount after 2nd year = 48750 + 1950

= 50700

(iii) P3 for 3rd year = 50700 /-

R = 4%
T3 = 3 years

I for 3 years = P3 R T3/100

= 50700 X 4 X 1/100 = 2028 /- (Ans)

(5) For 1st year =>

P1 = 6000, R = 10% T1 = 1

∴ I, P1 R T1/100

= 6000 X 10 X 1/100 = 600/-

∴ A1 at the end of 1st year = 6000 + 600

= 6600 /-

For 2nd year à

P2 = 6600, R = 10%, T2 = 1

∴ I2 = P2R T2/100 = 6600 X 10 X 1/100

= 660/- (Ans)

A2 at the end of 2nd year = 6600 + 660

= 7260/-

For, 3rd year ->

P3 = 7260, R = 10% , T2 = 1

∴ I3 = P3 R T3 /100

= 7260 X 10 X 1/100

= 726

∴ A3 at the end of 3rd year = (7260+726)

= 7986 /- (Ans)

(6) For 1 year

P1 = 5000 /-

R1 = 6%

T1 = 1

∴ I2 = P1 R1 T1/100 = 5000 X 6 X 1/100

= 300 /-

End of 1 year the amount will be =>

∴ A1 = 5000 + 300 = 5300 /-

For 2nd year =

P2 = 5300 /-

R2 = 8%

T2 = 1 year

∴ I2 = P2 R2 T2/100 = 5300 X 8 X 1/100

= 424 /-

End of 2 year the amount will be ->

∴ A2 = 5300 + 424

= 5724 /- (Ans)

∴ C.I = 5724 – 5000 = 724/- (Ans)

(7) For, simple interest ->

P = 20000/-, T = 2 years, R = 8%

∴ I = PRT/100 = 20000 X 2 X 8/100 = 3200/-

For compound interest ->

For 1 year –

P1 = 2000/-, R = 8%, T = 1 year

∴ I = PRT/100 = 20000 X 8 X 1/100 = 1600/-

∴ A1 after 1 year = 20000 + 1600 = 21600/-

For, 2nd years –

P2 = 21600/- R = 8% T = 1 year

∴ I = PRT/100

= 26100 X 8 X 1/100

= 2088/-

A2 at after 2nd year = 26100 + 2088

= 28188/-

∴ C.I. = 28188 – 20000 = 8188/-

∴ Difference between C.I & S.I

= 8188 – 3200 = 4988/- (Ans)

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