The Shri Ram School Aravali

Subject (Worksheet): Mathematics

Topic: Compound Interest
Class: IX
Name………………………… Sec……… Date………
1. Let Principal = P, Rate = r% per annum, Time = n years.
2. When interest is compound Annually:
R n
Amount = P 1+
100

C.I. = A – P
3. When interest is compounded Half-yearly:
(r/2) 2n
Amount = P 1+
100
2
4. When interest is compounded Annually but time is in fraction, say 35 years.
2𝑟
𝑟 3
5
Amount = P(1 + ) (1 + )
100 100

5. When Rates are different for different years, say r1%, r2%, r3% for 1st, 2nd and 3rd year respectively.
𝑟1 𝑟 𝑟
Then, Amount = P(1 + ) (1 + 2 ) (1 + 3 )
100 100 100

6. S.I. and C.I. are equal for the first conversion period on the same sum and at the same rate.

7. C.I. of 2nd conversion period is more than C.I. of 1st conversion period and
C.I. of 2nd conversion period – C.I. of 1st conversion period = S.I. on the interest of the 1st conversion
period.
8. C.I. for the nth conversion period = amount after n conversion periods – amount after (n-1) conversion
periods.

Recap Questions

Q 1. Ramesh invests ₹12800 for three years at the rate of 10% per annum compound interest. Find: HW
(i) the sum due to Ramesh at the end of the first year. (₹14080)
(ii) the interest he earns for the second year. (₹1408)
(iii) the total amount due to him at the end of three years. (₹17036.80)
1
Q 2. A person invests ₹10000 for two years at a certain rate of interest, compounded annually. At the end of
one year this sum amounts to ₹11200. Calculate: CW
(i) the rate of interest per annum. (12%)
(ii) the amount at the end of second year. (₹12544)
Q 3. A sum of ₹9600 is invested for 3 years at 10% per annum at compound interest. CW
(i) What is the sum due at the end of the first year? (₹10560)
(ii) What is the sum due at the end of the second year? (₹11616)
(iii) Find the compound interest earned in 2 years. (₹2016)
(iv) Find the difference between the answers in (ii) and (i) and find the interest on this sum for one year.
(₹1056, ₹105.60)
(v) Hence, write down the compound interest for the third year. (₹1161.60)
Q 4. Vikram borrowed ₹20000 from a bank at 10% per annum simple interest. He lent it to his friend Venkat
1
at the same rate but compounded annually. Find his gain after 22 years. CW (₹410)

Q 5. Find the difference between the simple interest and compound interest on ₹2500 for 2 years at 4% per
annum, compound interest being reckoned semi-annually. (₹6.08) HW
Q 6. Find the compound interest on ₹3125 for 3 years if the rates of interest for the first, second and the third
year are respectively 4%, 5% and 6% per annum . CW (₹492.25)
Q 7. On what sum will the compound interest for 2 years at 4% per annum be ₹5712? (₹70000) HW

Q 8. At what rate percent will ₹2000 amount to ₹2315.25 in 3 years at compound interest? (5%) HW
Q 9. ₹16000 invested at 10% p.a., compounded semi-annually, amounts to ₹18522. Find the time period of
investment. CW (3/2 years)
Q 10. A sum of money is invested at compound interest payable annually. The interest in two successive years
is ₹225 and ₹240. Find: HW
2
(i) the rate of interest. (63 %)

(ii) the original sum. (₹3375)

(iii) the interest earned in the third year. (₹256)
Q 11. The simple interest on a certain sum for 3 years is ₹225 and the compound interest on the same sum at
the same rate for 2 years is ₹153. Find the rate of interest and the principal. (4% p.a ,₹1875) CW
Q 12. Find the difference between compound interest on ₹8000 for 1.5 years at 10% p.a. when compounded
annually and semi-annually. (₹21) HW