Maharashtra Board Solutions Class 8-Maths (Practice Set 14.1): Chapter 14- Compound Interest

Class 8: Maths Chapter 14 solutions. Complete Class 8 Maths Chapter 14 Notes.

Maharashtra Board Solutions Class 8-Maths (Practice Set 14.1): Chapter 14- Compound Interest

Maharashtra Board 8th Maths Chapter 14, Class 8 Maths Chapter 14 solutions

Question 1.
Find the amount and the compound interest.

No	Principal (Rs)	Rate (p.c.p.a.)	Duration (years)
i.	2000	5	2
ii.	5000	8	3
iii.	4000	7.5	2

Solution:
i. Here P = Rs 2000, R = 5 p.c.p.a. and N = 2 years

= 5 × 441
∴ A = Rs 2205
I = Amount (A) – Principal (P)
= 2205 – 2000
= Rs 205
∴ The amount is Rs 2205 and the compound interest is Rs 205.

ii. Here, P = Rs 5000, R = 8 p.c.p.a. and N = 3 years

∴ A = Rs 6298.56
I = Amount (A) – Principal (P)
= 6298.56 – 5000
= Rs 1298.56
∴ The amount is Rs 6298.56 and the compound interest is Rs 1298.56.

iii. Here, P = Rs 4000, R = 7.5 p.c.p.a. and N = 2 years

∴A = Rs 4622.50
I = Amount (A) – Principal (P)
= 4622.50 – 4000
= Rs 622.50
∴The amount is Rs 4622.50 and the compound interest is Rs 622.50.

Question 2.
Sameerrao has taken a loan of Rs 12500 at the rate of 12 p.c.p.a. for 3 years. If the interest is compounded annually then how many rupees should he pay to clear his loan?
Solution:
Here, P = Rs 12,500, R = 12 p.c.p.a. and
N = 3 years

= 0.8 × 28 × 28 × 28
= Rs 17,561.60
Sameerrao should pay Rs 17,561.60 to clear his loan.

Question 3.
To start a business Shalaka has taken a loan of Rs 8000 at a rate of 1012 p.c.p.a. After two years how much compound interest will she have to pay?
Solution:
Here, P = Rs 8000, N = 2 years and


I = Amount (A) – Principal (P)
= 9768.20 – 8000
= Rs 1768.20
∴ After two years Shalaka will have to pay Rs 1768.20 as compound interest.

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Maharashtra Board Solutions Class 8-Maths (Practice Set 14.1): Chapter 14- Compound Interest

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Chapterwise Maharashtra Board Solutions Class 8 Maths :

• Chapter 1- Rational and Irrational Numbers (Practice Set 1.1)
• Chapter 1- Rational and Irrational Numbers (Practice Set 1.2)
• Chapter 1- Rational and Irrational Numbers (Practice Set 1.3)
• Chapter 1- Rational and Irrational Numbers (Practice Set 1.4)
• Chapter 2- Parallel Lines and Transversals (Practice Set 2.1)
• Chapter 2- Parallel Lines and Transversals (Practice Set 2.2)
• Chapter 2- Parallel Lines and Transversals (Practice Set 2.3)
• Chapter 3- Indices and Cube Root (Practice Set 3.1)
• Chapter 3- Indices and Cube Root (Practice Set 3.2)
• Chapter 3- Indices and Cube Root (Practice Set 3.3)
• Chapter 4- Altitudes and Medians of a Triangle (Practice Set 4.1)
• Chapter 5- Expansion Formulae (Practice Set 5.1)
• Chapter 5- Expansion Formulae (Practice Set 5.2)
• Chapter 5- Expansion Formulae (Practice Set 5.3)
• Chapter 5- Expansion Formulae (Practice Set 5.4)
• Chapter 6- Factorisation of Algebraic Expressions (Practice Set 6.1)
• Chapter 6- Factorisation of Algebraic Expressions (Practice Set 6.2)
• Chapter 6- Factorisation of Algebraic Expressions (Practice Set 6.3)
• Chapter 6- Factorisation of Algebraic Expressions (Practice Set 6.4)
• Chapter 7- Variation (Practice Set 7.1)
• Chapter 7- Variation (Practice Set 7.2)
• Chapter 7- Variation (Practice Set 7.3)
• Chapter 8- Quadrilateral: Constructions and Types (Practice Set 8.1)
• Chapter 8- Quadrilateral: Constructions and Types (Practice Set 8.2)
• Chapter 8- Quadrilateral: Constructions and Types (Practice Set 8.3)
• Chapter 9- Discount and Commission (Practice Set 9.1)
• Chapter 9- Discount and Commission (Practice Set 9.2)
• Chapter 10- Division of Polynomials (Practice Set 10.1)
• Chapter 10- Discount and Commission (Practice Set 10.2)
• Chapter 11- Statistics (Practice Set 11.1)
• Chapter 11- Statistics (Practice Set 11.2)
• Chapter 11- Statistics (Practice Set 11.3)
• Chapter 12- Equations in One Variable (Practice Set 12.1)
• Chapter 12- Equations in One Variable (Practice Set 12.2)
• Chapter 13- Congruence of Triangles (Practice Set 13.1)
• Chapter 13- Congruence of Triangles (Practice Set 13.2)
• Chapter 14- Compound Interest (Practice Set 14.1)
• Chapter 14- Compound Interest (Practice Set 14.2)
• Chapter 15- Area (Practice Set 15.1)
• Chapter 15- Area (Practice Set 15.2)
• Chapter 15- Area (Practice Set 15.3)
• Chapter 15- Area (Practice Set 15.4)
• Chapter 15- Area (Practice Set 15.5)
• Chapter 15- Area (Practice Set 15.6)
• Chapter 16- Surface Area and Volume (Practice Set 16.1)
• Chapter 16- Surface Area and Volume (Practice Set 16.2)
• Chapter 16- Surface Area and Volume (Practice Set 16.3)
• Chapter 17- Factorisation of Algebraic Expressions (Practice Set 17.1)
• Chapter 17- Factorisation of Algebraic Expressions (Practice Set 17.2)