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Topic Covered in this lesson are
Interest Calculation
simple Interest
Compound Interest
You can find the solutions of the following problems below
1.Sandeep deposited Rs 25000 in a bank which pays 8% interest compounded annually. How much would he get back after two years?
2.Thomas took out loan of 15000 rupees from a bank which charges 12% interest, compounded annually. After 2 years, he paid back 10000 rupees. To settle the loan, howmuch should he pay at end of three years?
3.Rs 200 was got as interest from a bank for 2 years at the rate 5%. Compute the compound interest for the same principal for 2 years at the same rate of interest.

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CLASS 8 CHAPTER 5 - MONEY MATHS - PART - 2023 | KERALA SYLLABUS | Kite Victers |
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