Same topic3 marksDifficulty: Medium
A sum of money amounts to ₹9,261 in 3 years at 5% per annum compounded annually. Find the sum.
Compound Interest
3 marksDifficulty: Medium
Find the compound interest on ₹8,000 for 2 years at 10% per annum, compounded annually.
Original Khojo Papers practice question — not from a past board paper.
Answer
₹1,680
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
Amount = 8,000 × (1.1)2 = 8,000 × 1.21 = ₹9,680. Compound interest = 9,680 − 8,000 = ₹1,680.
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