


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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Recall simple and compound interest
Let the CI be ₹x. If the interest is compounded half-yearly, then the rate gets halved and time gets doubled.
Find out the CI and then divide the CI by 2. Then Apply the SI formula to get the answer.
total amount
Principal (p) = Rs 160000 Rate, r = 20% = 20/4 = 5% (for quarter year) Time = 1year = 1 × 4 = 4 quarters
Use the formula A = \\(P ({1+ R \\over100})^n\\)
simple interest\\(=\\frac{P\\times R\\times T}{100}\\)
When compounded quaterly Rate=Rate/4 and time=time*4
Add the principal and interest amount to find the total amount
Recall formula for compound interest

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