{"id":44638,"date":"2022-05-31T02:00:44","date_gmt":"2022-05-30T20:30:44","guid":{"rendered":"https:\/\/cbselibrary.com\/?p=44638"},"modified":"2023-01-25T11:30:39","modified_gmt":"2023-01-25T06:00:39","slug":"ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress","status":"publish","type":"post","link":"https:\/\/cbselibrary.com\/ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress\/","title":{"rendered":"ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress"},"content":{"rendered":"

ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress<\/h2>\n

Question 1.
\nFind the amount and the compound interest on \u20b95000 for 2 years at 6% per annum interest payable yearly.
\nSolution:
\nPrincipal (P) = \u20b95000
\nRate of interest (r) = 6% p.a.
\nPeriod (n) = 2 years
\n\"ML
\n\u2234 C.I. =A – P
\n= \u20b95618 – \u20b95000 = \u20b9618<\/p>\n

Question 2.
\nFind the amount and the compounded interest on \u20b97400 for 1 year at 5% per annum, interest payable half yearly.
\nSolution:
\nPrincipal (P) = \u20b97400
\nRate (R) = 5% p.a. or \\(\\frac{5}{2}\\) % half yearly
\nPeriod (n) = 1 year or 2 half years
\n\"ML
\n\"ML
\nand C.I. = A – P = \u20b97774.625 – \u20b97400 = \u20b9374.625<\/p>\n

Question 3.
\nFind the difference between C.I. and S.l. on sum of \u20b95000 for 2 years at 8% per annum payable yearly.
\nSolution:
\nPrincipal = \u20b95000
\nRate (R) = 8% p.a.
\nPeriod (n) = 2 years
\n\"ML
\n\u2234 C.I. = A – P = \u20b95832 – \u20b95000 = \u20b9832
\nNow difference between C.I. and S.l.
\n= \u20b9832 – \u20b9800 = \u20b932<\/p>\n

Question 4.
\nFind the amount and compound interest on \u20b910000 for \\(1 \\frac{1}{2}\\) years at 10% per annum, compounded half yearly. Would this interest be more than the interest he would get if it was compounded annually?
\nSolution:
\nPrincipal (P) = \u20b910000
\nRate (R) = 10% p.a. or 5% half yearly
\nPeriod (n) = \\(1 \\frac{1}{2}\\) years or 3 half years
\n\"ML
\n\"ML
\n\u2234 and C.I. = \u20b911550 – 10000 = \u20b91550
\nYes, the interest compounded half yearly is more than yearly.<\/p>\n

Question 5.
\nWhat sum invested for \\(1 \\frac{1}{2}\\) years compounded half yearly at the rate of 4% p.a. will amount to \u20b9 132651 ?
\nSolution:
\nAmount (A) = \u20b9 132651
\nRate (R) = 4% p.a. or 2% half yearly
\nPeriod (n) = \\(1 \\frac{1}{2}\\) years or 3 half years
\n\"ML
\n= \u20b9125000<\/p>\n

Question 6.
\nFind the time (in years) in which \u20b9 12500 will produce \u20b93246.40 as compound interest at 8% per annum, compounded annually.
\nSolution:
\nPrincipal (P) = \u20b912500
\nC.I. = \u20b93246.40
\n\u2234 Amount = P + C.I. = 12500 + 3246.40
\n= \u20b9 5746.40
\nRate (R) = 8% p.a.
\n\"ML
\nComparing, we get n = 3
\n\u2234 Time = 3 years<\/p>\n

Question 7.
\nFind the amount and compound interest on \u20b92500 in 2 years if the rate are 5% and 6% for the successive years.
\nSolution:
\nPrincipal (P) = \u20b92500
\nRate (R) = 5% and 6% for 2 successive years
\n\"ML
\nand C.I. =A – P = \u20b92782.50 – 2500 = \u20b9282.50<\/p>\n

ML Aggarwal Class 8 Solutions for ICSE Maths<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"

ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress Question 1. Find the amount and the compound interest on \u20b95000 for 2 years at 6% per annum interest payable yearly. Solution: Principal (P) = \u20b95000 Rate of interest (r) = 6% p.a. Period (n) = 2 years … Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[3034],"tags":[],"yoast_head":"\nML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress - CBSE Library<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cbselibrary.com\/ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress\" \/>\n<meta property=\"og:description\" content=\"ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress Question 1. Find the amount and the compound interest on \u20b95000 for 2 years at 6% per annum interest payable yearly. Solution: Principal (P) = \u20b95000 Rate of interest (r) = 6% p.a. Period (n) = 2 years ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cbselibrary.com\/ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress\/\" \/>\n<meta property=\"og:site_name\" content=\"CBSE Library\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/aplustopper\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T20:30:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-25T06:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cbselibrary.com\/wp-content\/uploads\/2019\/07\/ML-Aggarwal-Class-8-Solutions-for-ICSE-Maths-Chapter-8-Simple-and-Compound-Interest-Check-Your-Progress-Q1.1.png\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prasanna\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/cbselibrary.com\/#organization\",\"name\":\"Aplus Topper\",\"url\":\"https:\/\/cbselibrary.com\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/aplustopper\/\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cbselibrary.com\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cbselibrary.com\/wp-content\/uploads\/2018\/12\/Aplus_380x90-logo.jpg\",\"contentUrl\":\"https:\/\/cbselibrary.com\/wp-content\/uploads\/2018\/12\/Aplus_380x90-logo.jpg\",\"width\":1585,\"height\":375,\"caption\":\"Aplus Topper\"},\"image\":{\"@id\":\"https:\/\/cbselibrary.com\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cbselibrary.com\/#website\",\"url\":\"https:\/\/cbselibrary.com\/\",\"name\":\"CBSE Library\",\"description\":\"Improve your Grades\",\"publisher\":{\"@id\":\"https:\/\/cbselibrary.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cbselibrary.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cbselibrary.com\/ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/cbselibrary.com\/wp-content\/uploads\/2019\/07\/ML-Aggarwal-Class-8-Solutions-for-ICSE-Maths-Chapter-8-Simple-and-Compound-Interest-Check-Your-Progress-Q1.1.png\",\"contentUrl\":\"https:\/\/cbselibrary.com\/wp-content\/uploads\/2019\/07\/ML-Aggarwal-Class-8-Solutions-for-ICSE-Maths-Chapter-8-Simple-and-Compound-Interest-Check-Your-Progress-Q1.1.png\",\"width\":289,\"height\":114,\"caption\":\"ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress Q1.1\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cbselibrary.com\/ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress\/#webpage\",\"url\":\"https:\/\/cbselibrary.com\/ml-aggarwal-class-8-solutions-for-icse-maths-chapter-8-check-your-progress\/\",\"name\":\"ML Aggarwal Class 8 Solutions for ICSE Maths Chapter 8 Simple and Compound Interest Check Your Progress - 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