Before getting into the solutions, you might want to check the notes of Compound Interest. To get the notes, click here.

Exercise 3.1

Creative Section - A

4a) Find the difference between simple interest and the annual compound interest on Rs 9,600 for 2 years at the rate of 5% per annum.

5a) Find the amount compounded annually on Rs 9,000 for 2 years of the rates of interest for two years are 8% and 10% respectively. 

5c) Mr. Tharu borrowed a sum of Rs 1,00,000 from an Agricultural Bank for 3 years to upgrade his poultry farming. The bank charged 5% interest compounded annually for the first year and the rate of interest was gradually increased by 1% every year. How much interest did he pay at the end of third year?

6a) Simple Interest on a sum of money for 2 years at 5% p.a. is Rs 960. Find the compound interest on the same sum at the same rate for 1 year, if the interest is reckoned half-yearly. 

7a) The compound interest on the sum of money at 8% p.a. for 2 years is more than the simple interest in the same sum at the same rate for the same time by Rs 76.80. Find the sum. 

7c) If the compound interest on a sum of money compounded semi-annually is Rs 20 more than the compound interest on the same sum compounded annually in the same time and at the same rate, find the sum. 

Answers from 7e to 12e are mentioned BELOW 



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vedanta Excel in Mathematics Compound Interest Solved Exercises



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vedanta Excel in Mathematics Compound Interest Solved Exercises




About vedanta EXCEL in MATHEMATICS Book 10

Author: Hukum Pd. Dahal
Editor: Tara Bahadur Magar

Vanasthali, Kathmandu, Nepal
+977-10-4382404, 01-4362082
vedantapublication@gmail.com


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Class 10 - Compound Interest - Solved Exercises | vedanta Excel in Mathematics is a collection of the solutions related to calculation of compound interest and compound amount from Compound Interest chapter for Nepal's Secondary Education Examination (SEE) appearing students.

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