Question

Find the compound interest on ₹8,000 for 2 years at 5% per annum, compounded annually (in ₹).

Find the amount (in ₹) on ₹16,000 for 1 year at 10% per annum, compounded half-yearly.

Kiran deposits ₹40,000 in a bank for 3 years at 5% per annum, compounded annually. Find the compound interest (in ₹) she earns.

Ravi wants to deposit ₹20,000 for 2 years at 10% per annum. His bank offers three schemes. Scheme 1: simple interest. Scheme 2: compound interest, compounded annually. Scheme 3: compound interest, compounded half-yearly.