1A person borrowed Rs. 10,00,000 from a commercial bank for a business. How much interest should he pay the bank after 2 years at 8% per annum?
2For the same loan, what total sum should he pay after 2 years? What is that sum called?
3If he had borrowed the money for 5 years at the same rate, how much interest should be paid?
4A teacher borrowed Rs. 5,00,000 for 2 years at 12% per annum and could not pay the first year's interest. How much interest is to be paid for the first year?
5What is the principal of the second year for the same teacher? Find it.
6How much interest should be paid for the second year? What is the total interest the teacher pays?
7Why is there a difference between the interest for the first year and for the second year?
8Bishal and Badri borrowed Rs. 30,000 each for 3 years at 10% yearly. Bishal pays simple interest. How much total interest should he pay?
9Badri pays compound interest. How much total interest should he pay?
10Who should pay more interest, Bishal or Badri? Why?
11A principal P is deposited at R% per annum. How much interest is there at the end of the first year?
12How much interest is there at the end of the second year?
13In the same way, how much interest is there at the end of the third year?
14What are the compound amount and the interest at the end of T years?
15Find the compound amount and the compound interest on Rs. 60,000 for 3 years at 10% per annum.
16Find the compound interest on Rs. 25,000 for 2 years at 12% per annum.
17Find the difference between the compound interest and the simple interest on Rs. 50,000 for 2 years at 6% per annum.
18When are simple interest and yearly compound interest equal? Why?
19In yearly compound interest, why is the second year's principal equal to the first year's amount?