NCERT Solutions
Class 8 Maths
Comparing Quantities

Ex.8.3 Q.8
Find the amount and the compound interest on Rs 10,000 for 112 years at 10% per annum,
compounded half yearly.
Would this interest be more than the interest he would get if it was compounded annually?
Here,
Principal (P) = Rs 10000, Rate of Interest (R) = 10% = 5% (compounded half yearly)
Time (n) = 1 years = 3 half-years (compounded half yearly)
Amount (A) = P (1 + )n
= 10000(1 + )3
= 10000(1 + )3
= 10000( )3
= 10000 × ×
×
= Rs 11,576.25
Compound Interest (C.I.) = A – P = Rs 11,576.25 – Rs 10,000 = Rs 1,576.25
If it is compounded annually, then
Here, Principal (P) = Rs 10000, Rate of Interest (R) = 10%, Time (n) = 1 years
Amount (A) for 1 year = P (1 + )n
= 10000(1 + )1
= 10000(1 + )1
= 10000( )1
= 10000 ×
= Rs 11000
Interest for year = (11000 × 1 × 10) ÷ (2 × 100) = 110 × 5 = Rs 550
Total amount = Rs 11,000 + Rs 550 = Rs 11,550
Now, C.I. = A – P = Rs 11,550 – Rs 10,000 = Rs 1,550
Yes, interest Rs 1,576.25 is more than Rs 1,550.