NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Exercise 8.3

Ex 8.3 Class 8 Maths Question 1.
Calculate the amount and compound interest on


Solution:
(a) Given:
P = ₹ 10,800, n = 3 years,
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1.1
Total CI = ₹ 3780 + ₹ 1089 = ₹ 4,869
Amount = P + I = ₹ 21,780 + ₹ 1,089 = ₹ 22,869
Hence, the amount = ₹ 22,869
and CI = ₹ 4,869

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1.2

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1.3
CI = A – P = ₹ 70,304 – ₹ 62,500 = ₹ 7,804
Hence, amount = ₹ 70304 and CI = ₹ 7804
(d) Given: P = ₹ 8,000, n = 1 years R = 9% per annum compounded half yearly
Since, the interest is compounded half yearly n = 1 × 2 = 2 half years
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1.4
CI = A – P = ₹ 8,736.20 – ₹ 8,000 = ₹ 736.20
Hence, the amount = ₹ 8736.20 and CI = ₹ 736.20
(e) Given: P = ₹ 10,000, n = 1 year and R = 8% pa compounded half yearly
Since the interest is compounded half yearly n = 1 × 2 = 2 half years
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1.5

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q1.6
CI = A – P = ₹ 10,816 – ₹ 10,000 = ₹ 816
Hence the amount = ₹ 10,816 and Cl = ₹ 816

Ex 8.3 Class 8 Maths Question 2.
Kamala borrowed ₹ 26,400 from a Bank to buy a scooter at a rate of 15% per annum compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan? (Hint: Find amount for 2 years with interest is compounded yearly and then find SI on the 2nd
year amount for 4/12 years).
Solution:
Given:
P = ₹ 26,400
R = 15% p.a. compounded yearly
n = 2 years and 4 months
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q2
Amount after 2 years and 4 months = ₹ 34,914 + ₹ 1745.70 = ₹ 36,659.70
Hence, the amount to be paid by Kamla = ₹ 36,659.70

Ex 8.3 Class 8 Maths Question 3.
Fabina borrows ₹ 12,500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?
Solution:
For Fabina: P = ₹ 12,500, R = 12% p.a. and n = 3 years
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q3

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q3.1
Difference between the two interests = ₹ 4500 – ₹ 4137.50 = ₹ 362.50
Hence, Fabina pays more interest by ₹ 362.50.

Ex 8.3 Class 8 Maths Question 4.
I borrowed ₹ 12,000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?
Solution:
Given: P = ₹ 12,000, R = 6% p.a., n = 2 years
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q4

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q4.1
Difference between two interests = ₹ 1483.20 – ₹ 1440 = ₹ 43.20
Hence, the extra amount to be paid = ₹ 43.20

Ex 8.3 Class 8 Maths Question 5.
Vasudevan invested ₹ 60,000 at an interest rate of 12% per annum compounded half yearly. What amount would he get
(i) after 6 months?
(ii) after 1 year?
Solution:
(i) Given: P = ₹ 60,000, R = 12% p.a. compounded half yearly
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q5

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q5.1
Hence, the required amount = ₹ 67416

Ex 8.3 Class 8 Maths Question 6.
Arif took a loan of ₹ 80,000 from a bank. If the rate of interest is 10% per annum, find the difference in amounts he would be paying after

Since the interest is compounded annually
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q6

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q6.1

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q6.2
Difference between the amounts = ₹ 92,610 – ₹ 92,400 = ₹ 210

Ex 8.3 Class 8 Maths Question 7.
Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find
(i) The amount credited against her name at the end of the second year.
(ii) The interest for the third year.
Solution:
(i) Given: P = ₹ 8,000, R = 5% p.a.
and n = 2 years
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q7
Hence, interest for the third year = ₹ 441

Ex 8.3 Class 8 Maths Question 8.

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q8

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q8.1

Total interest = ₹ 1,000 + ₹ 550 = ₹ 1,550
Difference between the two interests = ₹ 1,576.25 – ₹ 1,550 = ₹ 26.25
Hence, the interest will be ₹ 26.25 more when compounded half yearly than the interest when compounded annually.

Ex 8.3 Class 8 Maths Question 9.

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q9
Hence, the required amount = ₹ 4913

Ex 8.3 Class 8 Maths Question 10.
The population of a place increased to 54,000 in 2003 at a rate of 5% per annum.
(i) Find the population in 2001.
(ii) What would be its population in 2005?
Solution:
(i) Given: Population in 2003 = 54,000
Rate = 5% pa
Time = 2003 – 2001 = 2 years
Population in 2003 = Population in 2001
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q10

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q10.1

Ex 8.3 Class 8 Maths Question 11.
In a Laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria at the end of 2 hours if the count was initially 5,06,000.
Solution:
Given: Initial count of bacteria = 5,06,000
Rate = 2.5% per hour
n = 2 hours
Number of bacteria at the end of 2 hours = Number of count of bacteria initially
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q11
Thus, the number of bacteria after two hours = 5,31,616 (approx).

Ex 8.3 Class 8 Maths Question 12.
A scooter was bought at ₹ 42,000. Its value depreciated at the rate of 8% per annum. Find its value after one year.
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q12
Solution:
Given: Cost price of the scooter = ₹ 42,000
Rate of depreciation = 8% p.a.
Time = 1 year
Final value of the scooter
NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 Q12.1
Hence, the value of scooter after 1 year = ₹ 38,640.

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-1

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-1.1

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-1.2

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-1.3

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-2

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-3

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-4

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-5

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-6

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-6.1

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-7

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-8

NCERT Solutions for Class 8 Maths Chapter 8 Comparing Quantities Ex 8.3 q-8.1

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