What time will Rs 8000 amounts to Rs 8820 at 10% per annum if interest being compounded half yearly?

CBSE Class –VIII Mathematics
NCERT Solutions
CHAPTER - 8
Comparing Quantities (Ex. 8.3)

1. Calculate the amount and compound interest on:
(a) Rs.10,800 for 3 years at 

(d) Rs.8,000 for 

(e) Rs.10,000 for 

Ans. (a) Here, Principal (P) = Rs. 10800, Time(n) = 3 years,

Rate of interest (R) = 

Amount (A) = 

= 

= 

= 

= Rs. 15,377.34 (approx.)

Compound Interest (C.I.) = A – P

= Rs. 10800 – Rs. 15377.34 = Rs. 4,577.34

(b) Here, Principal (P) = Rs. 18,000, Time (n) = 

= 10% p.a.
Amount (A) = 

= 

= 

= Rs. 21,780

Interest for 

Total amount for 

= Rs. 21,780 + Rs. 1089 = Rs. 22,869

Compound Interest (C.I.) = A – P

= Rs. 22869 – Rs. 18000 = Rs. 4,869

(c) Here, Principal (P) = Rs. 62500, Time (n) = 

Rate of interest (R) = 8% = 4% (compounded half yearly)

Amount (A) = 

= 

= 

= 

= 

= Rs. 70,304

Compound Interest (C.I.) = A – P

= Rs. 70304 – Rs. 62500 = Rs. 7,804

(d) Here, Principal (P) = Rs. 8000, Time (n) = 1 years = 2 years(compounded half yearly)

Rate of interest (R) = 9% = 

Amount (A) = 

= 

= 

= 

= 

= Rs. 8,736.20

Compound Interest (C.I.) = A – P

= Rs. 8736.20 – Rs. 8000

= Rs. 736.20

(e) Here, Principal (P) = Rs. 10,000, Time (n) = 1 years = 2 years (compounded half yearly)

Rate of interest (R) = 8% = 4% (compounded half yearly)

Amount (A) = 

= 

= 

= 

= 

= Rs. 10,816

Compound Interest (C.I.) = A – P

= Rs. 10,816 – Rs. 10,000 = Rs. 816

2. Kamala borrowed Rs.26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?
(Hint: Find A for 2 years with interest is compounded yearly and then find SI on the 2nd year amount for 

Ans. Here, Principal (P) = Rs. 26,400, Time(n) = 2 years 4 months, Rate of interest (R) = 15% p.a.

Amount for 2 years (A) = 

= 

= 

= Rs. 34,914

Interest for 4 months = 

= Rs. 1745.70

= Rs. 36,659.70

3. Fabina borrows Rs.12,500 per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?

Ans. Here, Principal (P) = Rs.12,500, Time (T) = 3 years, Rate of interest (R)

= 12% p.a.

Simple Interest for Fabina = 

= 

Amount for Radha, P = Rs. 12,500, R = 10% and 

Amount (A)  = 

= 

= 

= Rs. 16,637.50

= Rs. 16,637.50 – Rs. 12,500 = Rs. 4,137.50

Thus, Fabina pays more interest

= Rs. 4,500 – Rs. 4,137.50 = Rs. 362.50

4. I borrowsRs.12,000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?

Ans. Here, Principal (P) = Rs.12,000, Time (T) = 2 years, Rate of interest (R) = 6% p.a.

Simple Interest = 

= 

Had he borrowed this sum at 6% p.a., then

Compound Interest  = 

= 

= 

= 

= 

= Rs. 13,483.20 – Rs. 12,000

= Rs. 1,483.20

Difference in both interests

= Rs. 1,483.20 – Rs. 1,440.00 = Rs. 43.20

Thus ,the extra amount to be paid is Rs.43.20

5. Vasudevan invested Rs.60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get:
(i) after 6 months?
(ii) after 1 year?

Ans. (i) Here, Principal (P) = Rs. 60,000,

Time (n)= 6 months = 1 year(compounded half yearly)

Rate of interest (R) = 12% = 6% (compounded half yearly)

Amount (A) = 

= 

= 

= 

= 

= Rs. 63,600

After 6 months Vasudevan would get amount Rs. 63,600.

(ii) Here, Principal (P) = Rs. 60,000,

Time (n) = 1 year = 2 year(compounded half yearly)

Rate of interest (R) = 12% = 6% (compounded half yearly)

Amount (A) = 

= 

= 

= 

= 

= Rs. 67,416

After 1 year Vasudevan would get amount Rs. 67,416.

6. Arif took a loan of Rs.80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after 

Ans. (i) Here, Principal (P) = Rs. 80,000, Time (n)= 

Amount for 1 year (A)  = 

= 

= 

= 

= Rs. 88,000

Interest for 

= Rs. 4,400

Total amount = Rs. 88,000 + Rs. 4,400 = Rs. 92,400

(ii) Here, Principal (P) = Rs.80,000,

Time (n) = 

Rate of interest (R) = 10% = 5% (compounded half yearly)

Amount (A) = 

= 

= 

= 

= 

= Rs. 92,610

Difference in amounts

= Rs. 92,610 – Rs. 92,400 = Rs. 210

7. Maria invested Rs.8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find:
(i) The amount credited against her name at the end of the second year.
(ii) The interest for the third year.

Ans. (i) Here, Principal (P) = Rs. 8000, Rate of Interest (R) = 5%, Time (n) = 2 years

Amount (A)  = 

= 

= 

= 

= 

= Rs. 8,820

(ii) Here, Principal (P) = Rs. 8000, Rate of Interest (R) = 5%, Time 

Amount (A)  = 

= 

= 

= 

= 

= Rs. 9,261

Interest for 3rd year = A – P

= Rs. 9,261 – Rs. 8,820 = Rs. 441

8. Find the amount and the compound interest on Rs.10,000 for 

Ans. Here, Principal (P) = Rs. 10000, Rate of Interest (R) = 10% = 5% (compounded half yearly)

Time (n) = 

Amount (A)  = 

= 

= 

= 

= 

= Rs. 11,576.25

Compound Interest (C.I.) = A – P

= Rs. 11,576.25 – Rs. 10,000 = Rs. 1,576.25

If it is compounded annually, then

Here, Principal (P) = Rs. 10000, Rate of Interest (R) = 10%, Time (n) = 

Amount (A) for 1 year  = 

= 

= 

= 

= 

= Rs. 11,000

Interest for 

= Rs. 11,550

Now, C.I. = A – P = Rs. 11,550 – Rs. 10,000

= Rs. 1,550

Yes, interest Rs. 1,576.25 is more than Rs. 1,550.

9. Find the amount which Ram will get on Rs.4,096, if he gave it for 18 months at 

Ans. Here, Principal (P) = Rs. 4096,

Rate of Interest (R) = 

= 

Time (n)= 18 months = 

Amount (A)  = 

= 

= 

= 

= 

= Rs. 4,913

10. The population of a place increased to 54,000 in 2003 at a rate of 5% per annum.
(i) Find the population in 2001.
(ii) What would be its population in 2005?

Ans. (i) Here,  A2003 = Rs. 54,000, R = 5%, 

Population would be less in 2001 than 2003 in two years.

Here population is increasing.

=48,979.5

(ii) According to question, population is increasing. Therefore population in 2005,

A2005  = 

= 

= 

= 

= 

= 59,535

Hence population in 2005 would be 59,535.

11. In a laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria at the end of 2 hours if the count was initially 5,06,000.

Ans. Here, Principal (P) = 5,06,000, Rate of Interest (R) = 2.5%, Time (n) = 2 hours

After 2 hours, number of bacteria,

Amount (A)  = 

= 

= 

= 

= 

= 

= 5,31,616.25

Hence, number of bacteria after two hours are 531616 (approx.).

12. A scooter was bought at Rs.42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.

Ans. Here, Principal (P) = Rs. 42,000, Rate of Interest (R) = 8%, Time (n) = 1 years

Amount (A)  = 

=

= 

= 

= 

= Rs. 38,640

Hence, the value of scooter after one year is Rs. 38,640.

In what time will 8000 amount to 8820 at 10% per annum Interest compounded half yearly?

At what rate percent per annum compound Interest will rupees 8000 amount to rupees 8820 in six months the Interest being compounded quarterly?

What time Will 8000 become 12167 at 15% per annum compounded annually?

At what rate of interest per annum will rupees 1800 amount to rupees 882 in one year when compounded half yearly?