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ICSE Class 8 Answered

Kamala borrowed ₹26400 from a bank to bua scooter at a rate of 15%p.a. compounded yearly. what amount will she pay at the end of 2years and 4months to clear the loan? ( HINT: Find A for 2years with interest is compounded yearly and then find SI on the 2nd year amount for 4/12 years)
Asked by himasriteja | 18 Oct, 2023, 11:22: AM
answered-by-expert Expert Answer
Let space us space calculate space Amount space for space 2 space years space by space compund space interest. straight A equals straight P open parentheses 1 plus straight R over 100 close parentheses squared equals 26400 open parentheses 1 plus 15 over 100 close parentheses squared equals 26400 cross times 23 over 20 cross times 23 over 20 equals 34914
 
Simple space interest space for space 4 space months equals 4 over 12 equals 1 third year SI equals fraction numerator straight P cross times straight R cross times straight T over denominator 100 end fraction equals fraction numerator 34914 cross times 15 cross times 1 over denominator 3 cross times 100 end fraction equals 1745.70
 
Therefore comma space required space amount space to space be space paid space to space claer space the space loan equals Rs. open parentheses 34914 plus 1745.70 close parentheses equals Rs.36659.70
Answered by Rashmi Khot | 19 Oct, 2023, 12:35: PM

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ICSE 8 - Maths
Kamala borrowed ₹26400 from a bank to bua scooter at a rate of 15%p.a. compounded yearly. what amount will she pay at the end of 2years and 4months to clear the loan? ( HINT: Find A for 2years with interest is compounded yearly and then find SI on the 2nd year amount for 4/12 years)
Asked by himasriteja | 18 Oct, 2023, 11:22: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
ICSE 8 - Maths
A certain sum of money will be double of itself in 6 years 8 months find the rate of interest per year  
Asked by abhijot119999 | 11 Sep, 2022, 09:31: PM
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ICSE 8 - Maths
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Asked by chetandbpu | 20 Mar, 2021, 06:22: PM
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ICSE 8 - Maths
In what time will ₹ 1860 amount to ₹2641.20 at simple interest of 12% per annum.
Asked by sushilbablutiwari2525 | 05 Feb, 2021, 12:10: PM
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ICSE 8 - Maths
Find the difference between the compound interest and the simple interest for 2 year on 8000 at 6 percent per annum compound annually percent percent
Asked by devisunita1616 | 19 Sep, 2020, 05:23: PM
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ICSE 8 - Maths
A sum of money is invested for 3 years at a particular rate of interest. If the rate of interest were 3% p.a. higher, the interest would have been Rs 1467 more. Find the sum of money.
Asked by Sujitkumarm | 04 Jul, 2020, 09:38: PM
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ICSE 8 - Maths
Find the principal on which a simple interest of ₹55 will be obtained after 9 months at the rate of 5.5%per annum
Asked by sraj51403 | 20 Jan, 2020, 03:34: AM
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ICSE 8 - Maths
4000 amount to 5000 in 8 years ; in what time will 2100 amount to 2800 at the same rate ?
Asked by nishabiju17 | 16 Jan, 2020, 08:21: PM
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ICSE 8 - Maths
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Asked by Tuhinpal | 05 Jan, 2020, 12:59: PM
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ICSE 8 - Maths
At what rate of simple interest will a sum of money double itself in 6 years? 
Asked by Cl_narayan | 29 Dec, 2019, 08:13: AM
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