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Worksheet - Compound Interest (2022-2023)

The document contains a worksheet on compound interest with various problems related to investments, interest calculations, and population growth. It includes specific scenarios with given amounts, interest rates, and time periods, along with their respective answers. The problems cover both compound and simple interest calculations, as well as real-life applications such as property value increase and population growth rates.

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charankidost
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4 views

Worksheet - Compound Interest (2022-2023)

The document contains a worksheet on compound interest with various problems related to investments, interest calculations, and population growth. It includes specific scenarios with given amounts, interest rates, and time periods, along with their respective answers. The problems cover both compound and simple interest calculations, as well as real-life applications such as property value increase and population growth rates.

Uploaded by

charankidost
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Worksheet on Compound Interest (2022-2023)

1. A man invests Rs. 15000 at the beginning of every year in a


bank and earns 10% annual interest, compounded at the
end of the year. What will be his balance in the bank at the
end of 3 years?
2. Mrs. Pundir has Rs. 12000 in her bank account. If the bank
pays 10% per annum and she deposited Rs. 2000 at the end
of each year, find the amount in her account at the end of
the third year
3. A man invests Rs. 5000 for 3 years at a certain rate of
interest compounded annually. At the end of one year, it
amounts to Rs. 5600. Calculate the:
a. Rate of interest per annum
b. Interest accrued in the second year
c. Amount at the end of third year.
4. Find the difference between the simple interest and
compound interest on Rs. 16000 at 5% per annum at the
end of one and a half year if the interest is compounded half
yearly.
5. If the interest is compounded half-yearly, calculate the
amount when the principal is Rs. 7400, the rate of interest is
5% and the duration is one year
6. How much will Rs. 15000 amount to in 3 years at compound
interest, if the rates for three successive years be 12%, 15%
and 18% respectively, the interest is payable yearly.
7. A certain sum of money amounts to Rs. 1250 in one year and
Rs. 1373 in two years at compound interest. Find the rate of
interest and the sum of money
8. The compound interest on Rs. 6400 for 18 months at an
interest beckoned half-yearly is Rs. 1008.80. Determine the
rate of interest.
9. Calculate the rate of interest on a certain sum of money that
becomes:
216
a. times of itself in one and a half year, the interest
125
being compounded half-yearly
25
b. times of itself in two years, the interest being
16
compounded annually.
10. Mr. Sharma buys a flat for Rs. 200000. What will be its
worth in 3 years, if its value increases each year by 8%?
11. How many years will it take a population of 125000 to
grow to 148877 at an annual growth rate of 6%?
12. The population of a city increases at the rate of 5% every 5
years. If 15 years ago, it was 160000, what is the population
now?
13. The population of a town increases by 7% every year. What
was its population in 2013, if in 2015 it was 160286?

Answers: 1) Rs. 54615 2) Rs, 22592 3) (i) 12% (ii) Rs.


672 (iii) Rs. 7024.64 4) Rs. 30.25 5) Rs. 7774.63
6) Rs. 22797.60 7) 9.84%; Rs. 1138.02 8) 10%
9) (i) 40% (ii) 25% 10) Rs. 251942.40 11) 3
years. 12) 185220 13) 140000

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