


CBSE /Class 8
Maths MCQ Based On Comparing quantities compound interest
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CBSE Class 8 Maths Comparing quantities compound interest
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Use compound interest formula
Use the formula
A =\\(P ({1+{R \\over 100}})^n\\)
CI = A-P
Use the formula of both simple and compound interest for the given time and principal amount and check which of them is given more amount after applying interest.
C.I = P\\(^{(1+\\frac{r}{100})n}\\) -P
Use the formula
A = \\(P ({1 + {R \\over 100}})^n\\)
Simple Interest
Amount
Compound interest is the interest calculated on both principal amount and interest, compounded (multiplied) at regular intervals.
amount
We can use compound interest to find the price of the motorcycle.

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