← All lessons
📐 Mathematics - Class 10
Lesson 2 · Compound Interest: Worked Examples

Compound Interest in Special Cases: Different Rates, Years and Months, Half Yearly and Terminal

MathematicsSubject
8 minEstimated read
Activity 5

Yearly, half yearly or terminal: which to choose?

Method
  • Your uncle plans to invest Rs 1,00,000 for one year at 15% compound interest per annum. Write down P, R and T.
  • Find the compound interest for the first option, yearly interest.
  • Find the compound interest for the second option, half yearly interest.
  • Find the compound interest for the third option, terminal interest.
  • Compare the three amounts of interest and find how much more each option gives.
Discussion
  • Which alternative would you suggest him to choose? Why? Discuss.
🔐

That's a peek at activity 1 of 1 - sign in for all of them, full length.

Create free accountSign in