RS Aggarwal Class 8 Mathematics Solutions for Chapter-11 Compound Interest

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Maths Chapter - 8 - Compound Interest: Overview

Based on the principal and the interest earned over some time the compound interest can be calculated. It differs from simple interest in that interest is not added to the principle when the next period's interest is calculated. Compound interest is commonly abbreviated as C.I. in mathematics.  In mathematics, compound interest is a term that refers to the accumulation of interest over time. Compound interest can be calculated in a variety of ways depending on the situation. To make the calculations easier, we can utilize the compound interest formula. To calculate the compound interest we require details of the amount and principal. It's the distinction between the amount and the principal.

Compound Interest

Compound interest is calculated in a similar manner as a simple interest in Compound Interest, considering the principal (the amount based on which interest is determined) being renewed annually. Once you deposit an amount in a bank, every year you will receive the interest. This does not remain constant year after year, but it does increase. To estimate the compound interest on Rs 1000 over two years at a rate of 10% per year, for example, we must compute the interest for each year separately.

Simple Interest

It is a fast way to calculate the amount you owe on a loan. Simple interest is a notion that is employed in a variety of industries, including banking, finance, and automobiles. When you make a loan payment, the monthly interest is deducted first, and the remainder is applied to the principal. Let us look at the definition, the simple interest formula, and how to compute simple interest with examples in this post.

Important Formulae

• Compound Interest = Amount – Principal

• CI = A – P

Concepts Included under Compound Interest

• Introduction

• Simple Interest and Compound Interest Formula Comparison

• Compound Interest and its terms

• Compound Interest Formula

Compound Interest Class 8 RS Aggarwal Chapter 11 Solutions Summary

This chapter will first let you recall the formulas and concepts of simple interest. The reason for recapitulating these concepts is to make the explanation of formulas and concepts of compound interest easier. If you follow Compound Interest Class 8 RS Aggarwal, you will find a simplified description of the formulas and their applications in the examples. The exercises in this chapter will then provide a platform to assess your level of understanding. Let us take a quick look at the solution and find out how you will benefit from using it.

The first exercise will concentrate on delivering questions related to the simple interest first. You will immediately proceed to solve the questions related to compound interest and find out how relevant the formulas are. Track how the concept of simple interest has been used to derive the formulas of compound interest. Focus on the different types of questions. Refer to the RS Aggarwal Class 8 Maths Chapter 11 solutions and learn how to approach these questions to solve them step by step.

At first, Maths RS Aggarwal Class 8 solutions Chapter 11 will show how compound interest is calculated without using its formulas. Here, the time mentioned will be segregated to determine the answer to the questions. It will help you understand the mechanism of the composite formula for finding the answer. It will help you clarify the concepts perfectly. On proceeding ahead, you will be asked to find out the difference between simple and compound interest generated by the same sum of money for the same amount of time. Here, you will understand how compound interest differs from simple interest properly.

Use the Maths Class 8 Chapter 11 Compound Interest solution to learn how both the interests vary from each other. These are arithmetic questions that need to be answered in sentences. The formation of sentences must be appropriate. You must not lose focus on the problem while forming the sentences. Use the RS Aggarwal solutions Class 8 Compound Interest to find out how these sentences are formed according to the problems following the protocols set by the education board.

In the next exercise, you will be introduced to the problems of RS Aggarwal Class 8 Maths Compound Interest where you can use the formulas of compound interest directly. Here, the answers can be calculated easily by just replacing the terms with the values provided in the questions. Follow the format and write down the values of the terms at first. Put the values one after the other and form the equation to find the answer.

All the Exercise questions with solutions in Chapter-11 Compound Interest are given below:

Exercise (Ex 11A) 11.1

Exercise (Ex 11B) 11.2

Exercise (Ex 11C) 11.3

Exercise (Ex 11D) 11.4

Tips to Solve Problems of Class 8 RS Aggarwal Compound Interest Faster

Follow the explanation of the formulas mentioned in this chapter and learn how to use them by referring to RS Aggarwal solutions Class 8 Maths Ch 11. Remember how the formula of compound interest has been derived from that of simple interest and know the terms.

Check how the formulas have been morphed to calculate answers from RS Aggarwal solutions Class 8 Maths Ch 11 and practice. This is how you can become better at solving these questions and score more.

Conclusion

RS Aggarwal Class 8 Maths Chapter 11 is one of the fundamental chapters of the arithmetic section. Studying this chapter will help you answer questions and score more. The exercises in this chapter are also very easy and fun to solve. The problems in the RS Aggarwal book are framed in a manner to help students understand from basic to difficult concepts just by practicing.  The problems are quite easy and can be very scoring if you use the right tactics shown by the teachers in the solution.