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SAI International School
                                                      CLASS - VIII

               Mathematics
               CHAPTER-8: Comparing Quantities

               HOME ASSIGNMENT- 5


               SUBTOPICS:  Simple and CompoundInterest

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

               2. A bank offers 5% compound interest calculated on half-yearly basis. A customer
                                                               st
                                              st
               deposits Rs. 1600 each on 1  January and 1  July of a year. Find the amount he would
               have gained by way of interest at the end of the year.
               3. What is the difference between the compound interests on Rs. 5000 for 1  years at
               4% per annum compounded yearly and half-yearly?

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


















               Answer:
               1. Rs 67416
               2. Rs. 121
               3. Rs. 2.04
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