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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C.I = P\\(^{(1+\\frac{r}{100})n}\\) -P
We can use compound interest to find the price of the motorcycle.
Use the formula of compound interest for the given principal amount, rate of interest and time period.
Principal (p) = Rs 160000 Rate, r = 20% = 20/4 = 5% (for quarter year) Time = 1year = 1 × 4 = 4 quarters
Recall simple and compound interest
Simple interest = \\(\\frac{P \\times R \\times T}{100}\\)
Use the formula compound interest for the given information.
Use the formula A = \\(P ({1 + {R \\over 100}})^n\\)
Use the formula A = \\(P ({1+ R \\over100})^n\\)
Amount
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