RD Sharma Solutions Class 8 Compound Interest Exercise 14.4

RD Sharma Solutions Class 8 Chapter 14 Exercise 14.4

RD Sharma Class 8 Solutions Chapter 14 Ex 14.4 PDF Free Download

Exercise 14.4

Q1) The present population of a town is 28000. If it increases at the rate of 5% per annum, what will be its population after 2 years?

Solution:

Here,

P = Initial population = 28000

R = Rate of growth of population = 5% per annum

n = Number of years = 2

Therefore, Population after two years = \(P(1+\frac{R}{100})^{n}\)

= \(28000(1+\frac{5}{100})^{2}\)

= \(28000(1.05)^{2}\)

= 30870

Hence, the population after two years will be 30870.

Q2) The population of a city is 126000. If the annual birth rate and death rate are 5.5% and 9.5% respectively, calculate the population of city after 3 years.

Solution:

Here,

P = Initial population = 125000

Annual birth rate = R1 = 5.5%

Annual death rate = R2 = 3.5%

Net growth rate, R = (R1 – R2) = 2%

n = Number of years = 3

Therefore, Population after two years = \(P(1+\frac{R}{100})^{n}\)

= \(125000(1+\frac{2}{100})^{3}\)

= \(125000(1.02)^{3}\)

= 132651

Hence, the population after three years will be 132651.

Q3) The present population of a town is 25000. It grows at 4%, 5% and 8% during first year, second year and third year respectively. Find its population after 3 years.

Solution:

Here,

P = Initial population = 25000

\(R_{1}\) = 4%

\(R_{2}\) = 5%

\(R_{3}\) = 8%

n = Number of years = 3

Therefore, Population after three years = \(P(1+\frac{R_{1}}{100})(1+\frac{R_{2}}{100})(1+\frac{R_{3}}{100})\)

= \(25000(1+\frac{4}{100})(1+\frac{5}{100})(1+\frac{8}{100})\)

= 25000 (1.04) (1.05) (1.08)

= 29484

Hence, the population after three years will be 29484.

Q4) Three years ago, the population of a town was 50000. If the annual increase during three successive years be at the rate of 4%, 5% and 3% respectively, find the present population.

Solution:

Here,

P = Initial population = 50000

\(R_{1}\) = 4%

\(R_{2}\) = 5%

\(R_{3}\) = 3%

n = Number of years = 3

Therefore, Population after three years = \(P(1+\frac{R_{1}}{100})(1+\frac{R_{2}}{100})(1+\frac{R_{3}}{100})\)

= \(50000(1+\frac{4}{100})(1+\frac{5}{100})(1+\frac{3}{100})\)

= 50000 (1.04) (1.05) (1.03)

= 56238

Hence, the population after three years will be 56238.

Q5) There is a continuous growth in the population of a village at the rate of 5% per annum. If its present population is 9261, what it was 3 years ago?

Solution:

Population after three years = \(P(1+\frac{R}{100})^{n}\)

9261 = \(P(1+\frac{5}{100})^{3}\)

\(P(1.05)^{3}\) = 9261

P = \(\frac{9261}{1.157625}\)

P = 8000

Thus, the population three years ago was 8000.

Q6) In a factory the production of scooters rose to 46305 from 40000 in 3 years. Find the annual rate of growth of the production of scooters.

Solution:

Let the annual rate of growth be R.

Therefore, Production of scooters after three years = \(P(1+\frac{R}{100})^{n}\)

46305 = \(4000(1+\frac{R}{100})^{3}\)

\((1+0.01R)^{3}=\frac{46305}{40000}\)

\((1+0.01R)^{3}=1.157625\)

\((1+0.01R)^{3}=(1.05)^{3}\)

1 + 0.01R = 1.05

0.01R = 0.05

R = 5

Thus, the annual rate of growth is 5%.

Q7) The annual rate of growth in the population of a certain city is 8%. If its present population is 196830, what it was 3 years ago?

Solution:

Population after three years = \(P(1+\frac{R}{100})^{n}\)

196830 = \(P(1+\frac{8}{100})^{3}\)

196830 = \((1.08)^{3}\)

P = \(\frac{196830}{1.259712}\)

= 156250

Thus, the population three years ago was 156250.

Q8) The population of a town increases at the rate of 50 per thousand. Its population after 2 years will be 22050. Find its present population.

Solution:

Population after three years = \(P(1+\frac{R}{100})^{n}\)

22050 = \(P(1+\frac{50}{1000})^{3}\)

22050 = \((1.05)^{2}\)

P = \(\frac{22050}{1.1025}\)

= 20000

Thus, the population three years ago was 20000.

 

Q9) The count of bacteria in a culture grows by 10% in the first hour, decreases by 8% in the second hour and again increases by 12% in the third hour. If the count of bacteria in the sample is 13125000, what will be the count of bacteria after 3 hours?

Solution:

Given:

\(R_{1}\) = 10%

\(R_{2}\) = -8%

\(R_{3}\) = 12%

P = Original count of bacteria = 13125000

We know that:

\(P(1+\frac{R_{1}}{100})(1-\frac{R_{2}}{100})(1+\frac{R_{3}}{100})\)

Therefore, Bacteria count after three hours = \(13125000(1+\frac{10}{100})(1-\frac{8}{100})(1+\frac{12}{100})\)

= 13125000 (1.10) (0.92) (1.12)

= 14,876,400

Thus, the bacteria count after three hours will be 14,876,400.

 

Q10) The population of a certain city was 72000 on the last day of the year 1998. During next year it increased by 7% but due to an epidemic, it decreased by 10% in the following year. What was its population at the end of the year 2000?

Solution:

Population at the end of the year 2000 = \(P(1+\frac{R_{1}}{100})(1-\frac{R_{2}}{100})\)

= \(72000(1+\frac{7}{100})(1-\frac{10}{100})\)

= 72000 (1.07) (0.9)

= 69,336

Thus, the population at the end of the year 2000 was 69,336.

Q11) 6400 workers were employed to construct a river bridge in four years. At the end of the first-year, 25% workers were retrenched. At the end of the second year, 25% of those working at that time were retrenched. However, to complete the project in time, the number of workers was increased by 25% at the end of the third year. How many workers were working during the fourth year?

Solution:

Number of workers = 6,400

At the end of the first year, 25% of the workers were retrenched.

Therefore, 25% of 6,400 = 1,600

Number of workers at the end of the first year = 6,400 – 1600 = 4,800

At the end of the second year, 25% of those working were retrenched.

Therefore, 25% of 4,800 = 1,200

Number of workers at the end of the second year = 4,800 – 1200 = 3,600

At the end of the third year, 25% of those working increased.

Therefore, 25% of 3,600 = 900

Number of workers at the end of the third year = 3,600 + 900 = 4,500

Thus, the number of workers during the fourth year was 4,500.

 

Q12) Aman started a factory with an initial investment of its 100000. In the first year, he incurred a loss of 5%. However, during the second year, he earned a profit of 10% which is the third year rose to 12%. Calculate his net profit for the entire period of three years.

Solution:

Aman’s profit for three years = \(P(1-\frac{R_{1}}{100})(1+\frac{R_{2}}{100})(1+\frac{R_{3}}{100})\)

= \(100000(1-\frac{5}{100})(1+\frac{10}{100})(1+\frac{12}{100})\)

= 100000 (0.95) (1.10) (1.12)

= 117040

Therefore, Net profit = Rs 117,040 – Rs 100,000

= Rs 17,040

Q13) The population of a town increases at the rate of 40 per thousand annually. If the present population be 175760, what was the population three years ago?

Solution:

Population after 3 years = \(P(1+\frac{R}{100})^{3}\)

175760 = \(P(1+\frac{40}{100})^{3}\)

175760 = \(P(1.04)^{3}\)

P = \(\frac{175760}{1.124864}\)

= 156,250

Thus, the population three years ago was 156,250.

 Q14) The production of a mixed company in 1996 was 8000 mixies. Due to increase in demand, it increases its production by 15% in the next two years and after two years its demand decreases by 5%. What will be its production after 3 years?

Solution:

Production after three years = \(P(1+\frac{R_{1}}{100})^{2}(1-\frac{R_{2}}{100})\)

= \(8000(1+\frac{15}{1000})^{2}(1-\frac{5}{100})\)

= 8000 (1.15)2 (0.95)

= 10,051

Thus, the production after three years will be 10,051.

Q15) The population of a city increases each year by 4% of what it had been at the beginning of each year. If the population in 1999 had been 6760000, find the population of the city in

(i) 2001                        (ii) 1997

Solution:

(i)

Population of the city in 2001 = \(P(1+\frac{R}{100})^{2}\)

= \(6760000(1+\frac{4}{100})^{2}\)

= 6760000 (1.04)2

= 7311616

Thus, Population of the city in 2001 is 7311616.

(ii)

Population of the city in 1997 = \(P(1+\frac{R}{100})^{-2}\)

= \(6760000(1+\frac{4}{100})^{-2}\)

= 6760000 (1.04)-2

= 6250000

Thus, Population of the city in 1997 is 6250000.

Q16) Jitendra set up a factory by investing Rs 2500000. During the first two successive years, his profits were 5% and 10% respectively. If each year the profit was on previous year’s capital, compute his total profit.

Solution:

Profit at the end of the first year = \(P(1+\frac{R}{100})\)

= \(2500000(1+\frac{5}{100})\)

= 2,500,000 (1.05)

= 2,625,000

Profit at the end of the second year = \(P(1+\frac{R}{100})\)

= \(2625000(1+\frac{10}{100})\)

= 2,625,000 (1.1)

= 2,887,500

Total profit = Rs 2,887,500 – Rs 2,500,000 = Rs 387,500