Dropbo X & CamSce X | i Assignn X 1:1 Dropbo X 1 Feedba X Mail - 1 X | Group / x 0 () w unloads/Compound%20interest_practice.pdf + | Page view | A Read aloud | (T) Add text | V' Draw ~ High 4. A man deposited $1,000 in a bank. In return, he got $1,331. Bank gave interest 10% per annum. How long did he kept the money in the bank? (3) 5 . Find the compound interest accrued by Aaron from a bank on $ 16,000 in 3 years, when the rates of interest for successive years are 10%, 12% and 15% respectively. (6,668.80) 6. Find the amount of $ 8,000 for 3 years, compounded annually at 5% per annum. Also, find the compound interest. (1,261) 7. Find the amount of $ 12,000 after 2 years, compounded annually; the rate of interest being 5% during the first year and 6% during the second year. Also, find the compound interest. (1,356) 8. Find the compound interest on $ 31,250 at 8% per annum for 2 years. Calculate the amount for a period of 23/4 years. (7,387) 9. Find the compound interest on $ 15,625 for 1'/2 years at 8% per annum when compounded semiannually. (1,951) 10. Ron borrows $ 10,000 at a compound interest rate of 8% per annum. If he repays $ 2000 at the end of each year, find the sum outstanding at the end of the third year. (8, 104.32) 11. Davis invests $ 20,000 at the beginning of every year in a bank and earns 10% annual interest, compounded at the end of the year. What will be his balance in the bank at the end of three years? (26,620) vide hp REDMI NOTE 9 PRO AI QUAD CAMERA