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CBSE /Class 8
Maths MCQ Based On Comparing quantities compound interest
Our free online Maths test quiz for Class 8, CBSE will assist you to improve your Maths skills on every concept in a fun interactive way.
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CBSE Class 8 Maths Comparing quantities compound interest
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I = P * r * t
Where: I = Simple interest P = Principal or the initial amount borrowed or invested r = Rate of interest per annum t = Time period for which the interest is calculated in years
Recall simple and compound interest
Find the rate by using the formula\\(A=\\left (1+\\frac{r}{n\\times 100} \\right )^{nt}\\)
Use Simple interest formula to find compound interest
Firstly, calculate the interest for first year.
Compound Interest
Amount = Principal + Interest
Depreciation means reduction or decrease. Use the compound interest formula for depreciation.
Use the formula of compound interest for the given principal amount, rate of interest and time-period.
Use formula
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