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CBSE Class 8 Answered

please can you explain the formula of simple and compound interest
Asked by nmsnirajsheth | 30 Sep, 2017, 05:01: PM
answered-by-expert Expert Answer
begin mathsize 16px style When space the space interest space is space calculated space on space the space original space principal space throughout space the space loan space period comma space irrespective space of space the space length space of space the space period space for space which space it space is space borrowed comma space is space called space simple space interest. straight S. straight I. equals fraction numerator Principal cross times Rate cross times Time over denominator 100 end fraction equals fraction numerator straight P cross times straight R cross times straight T over denominator 100 end fraction Now comma space money space is space said space to space be space lent space at space compound space interest comma space when space the space interest comma space which space has space become space due at space the space end space of space straight a space certain space fixed space period comma space is space not space paid space to space the space money space lender comma space but space is space added space to space the space money space lent. Amount equals straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n where comma space straight P equals Principal comma space straight r equals space rate space of space interest space compounde space yearly comma space straight n equals number space of space years straight C. straight I. equals Amount minus Principal end style
Answered by Rashmi Khot | 01 Oct, 2017, 06:33: PM

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CBSE 8 - Maths
find the compound interest after 4 years if the interest compounded annually . whose principal is ₹6250 and rate of interest is 20%.
Asked by swainradhamohan19 | 26 Feb, 2024, 10:03: PM
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CBSE 8 - Maths
The difference in CI and SI for 2 year on a sum of money is Rupees 250 If the sum is Rupees 6250 then find the rate percent
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CBSE 8 - Maths
give me
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Asked by sohanbiswas692 | 23 Nov, 2023, 03:54: PM
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CBSE 8 - Maths
Rs. 10240 for 3years at 12 1/2%p.a compounded annually
Asked by bhuwanchandsharma476 | 09 Nov, 2023, 09:15: PM
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CBSE 8 - Maths
Rs. 10240 for 3years 12 2/2%p.a compounded annually
Asked by bhuwanchandsharma476 | 09 Nov, 2023, 09:14: PM
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CBSE 8 - Maths
Deepak borrowed rupees 18000 from his friend at the rate of 4% per annum simple interest for 2 years he learnt it to Sanjay at the same rate but compound annually find his gain after 2 years
Asked by singharchna060 | 01 Nov, 2023, 03:25: PM
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CBSE 8 - Maths
formula for CI
Asked by subhash6401 | 10 Sep, 2023, 06:27: PM
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CBSE 8 - Maths
A sum of money is invested at a compound interest for 9 months at 20 percent per annum compounded semi annually. If the interest were compounded quarterly, it would have fetched rs 210 more than in the previous case. Find the sum
Asked by GJain7394 | 20 Sep, 2022, 02:44: PM
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CBSE 8 - Maths
Ramen took a loan of 130000 from a finance company at the rate of 10 p.a. for 15 months to purchase a motor cycle .How much amount will he pay if the interest is calculated compounded quarterly ?
Asked by jeetabhi0012 | 25 Oct, 2021, 10:15: PM
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CBSE 8 - Maths
in how many years will Rs.882 amount to Rs.1100 at 5% per annum compounded annually
Asked by sohamosjsj05 | 20 Sep, 2021, 10:18: AM
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