MCQ Questions for CBSE Class 8 Math Comparing Quantities Compound Interest With Answers

There are 3 half years in 1 12 years, therefore compounding has to be done 3 times. 

S.I. = \\( \\frac{P\\times R\\times T}{100}\\)

S.I

Compound Interest

Compound Interest

C.I = P\\(^{(1+\\frac{r}{100})n}\\) -P

Use the formula A = \\( P ({1 +{R \\over 100}})^n\\)

A = CI +P

Amount = \\(P(1+\\frac{r}{100})^{t}\\) (for compound interest)

Find the amount for three years compounded annually.

Find simple interest for one year and subtract it from the principal.