## ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Ex 8.2

Question 1.

Calculate the compound interest on ₹6000 at 10% per annum for two years.

Solution:

Question 2.

Salma borrowed from Mahila Samiti a sum of ₹ 1875 to purchase a sewing machine. If the rate of interest is 4% per annum, what is the compound interest that she has to pay after 2 years?

Solution:

Question 3.

Jacob invests ₹12000 for 3 years at 10% per annum. Calculate the amount and the compound interest that Jacob will get after 3 years.

Solution:

Question 4.

A man invests ₹46875 at 4% per annum compound interest for 3 years.

Calculate:

(i) the interest for the first year.

(ii) the amount standing to his credit at the end of second year.

(iii) the interest for the third year.

Solution:

Question 5.

Calculate the compound interest for the second year on ₹6000 invested for 3 years at 10% p.a. Also find the sum due at the end of third year.

Solution:

Question 6.

Calculate the amount and the compound interest on ₹5000 in 2 years when the rate of interest for successive years is 6% and 8% respectively.

Solution:

Question 7.

Calculate the difference between the compound interest and the simple interest on ₹20000 in 2 years at 8% per annum.

Solution: