Mukesh borrowed 775000 from a bank

Mukesh borrowed 775000 from a bank. If the rate of interest is 12% per annum, find the amount he would be paying after 1 \frac{1}{2} years if the interest is
(i) compounded annually
(ii) compounded half-yearly.

Solution:
ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Ex 8.3 7

Aryaman invested ₹10000 in a company, he would be paid interest at 7% per annum compounded annually. Find
(i) the amount received by him at the end of 2 years.
(ii) the interest for the 3rd year.

Solution:
ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Ex 8.3 8

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