# ML Aggarwal Solutions Class 8 Mathematics Solutions for Simple and Compound Interest Exercise 8.2 in Chapter 8 - Simple and Compound Interest

Question 4 Simple and Compound Interest Exercise 8.2

a man invests Rs 46875 at 4% per annum compound interest for 3 years.

Calculate:

(i) the interest for the first year

(ii) the amount standing to his credit at the end of the second year

(iii) the interest for the third year

(i) Principal for the first year = Rs 46875

Rate of interest = 4% per annum

Therefore,

Interest for the first year = Rs (46875 × 4 × 1) / 100

We get,

= Rs 46875 / 25

= Rs 1875

Hence, interest for the first year is Rs 1875

(ii) Amount at the end of first year

= Rs 46875 + Rs 1875

We get,

= Rs 48750

Principal for the second year = Rs 48750

Interest for the second year = Rs (48750 × 4 × 1) / 100

= Rs 48750 / 25

We get,

= Rs 1950

Amount at the end of second year = Rs 48750 + Rs 1950

We get,

= Rs 50700

Hence, the amount at the end of second year is Rs 50700

(iii) Principal for the third year = Rs 50700

Interest for the third year = Rs (50700 × 4 × 1) / 100

We get,

= Rs 507 × 4

= Rs 2028

Hence, the interest in the third year is Rs 2028

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The text passage contains a mathematical question with multiple parts and provides answers to each part of the question.
multiple_questions_with_answers
Given a text passage, determine:
    1. If it contains a mathematical question (including word problems or calculations)
    2. If an answer to that mathematical question is provided in the text

First, describe the content structure you found in 1-2 sentences.

Then provide your analysis in the following format:
TYPE: <one of the following values>
- NO_QUESTION
- SINGLE_QUESTION
- SINGLE_QUESTION_WITH_ANSWER
- MULTIPLE_QUESTIONS
- MULTIPLE_QUESTIONS_WITH_ANSWERS
system
# ML Aggarwal Solutions Class 8 Mathematics Solutions for Simple and Compound Interest Exercise 8.2 in Chapter 8 - Simple and Compound Interest

Question 4 Simple and Compound Interest Exercise 8.2

a man invests Rs 46875 at 4% per annum compound interest for 3 years.

Calculate:

(i) the interest for the first year

(ii) the amount standing to his credit at the end of the second year

(iii) the interest for the third year

(i) Principal for the first year = Rs 46875

Rate of interest = 4% per annum

Therefore,

Interest for the first year = Rs (46875 × 4 × 1) / 100

We get,

= Rs 46875 / 25

= Rs 1875

Hence, interest for the first year is Rs 1875

(ii) Amount at the end of first year

= Rs 46875 + Rs 1875

We get,

= Rs 48750

Principal for the second year = Rs 48750

Interest for the second year = Rs (48750 × 4 × 1) / 100

= Rs 48750 / 25

We get,

= Rs 1950

Amount at the end of second year = Rs 48750 + Rs 1950

We get,

= Rs 50700

Hence, the amount at the end of second year is Rs 50700

(iii) Principal for the third year = Rs 50700

Interest for the third year = Rs (50700 × 4 × 1) / 100

We get,

= Rs 507 × 4

= Rs 2028

Hence, the interest in the third year is Rs 2028

Related Questions

Lido

Courses

Teachers

Book a Demo with us

Syllabus

Maths
CBSE
Maths
ICSE
Science
CBSE

Science
ICSE
English
CBSE
English
ICSE
Coding

Terms & Policies

Selina Question Bank

Maths
Physics
Biology

Allied Question Bank

Chemistry
Connect with us on social media!
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The text passage contains a mathematical question with multiple parts and provides answers to each part of the question.

TYPE: MULTIPLE_QUESTIONS_WITH_ANSWERS