Class 8 Maths Chapter 8 | Compound Interest NCERT Example 11 (Page 129)- Comparing Quantities
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- čas přidán 5. 09. 2024
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✅ In this video,
✔️ Class: 8th
✔️ Subject: Maths
✔️ Chapter: Comparing Quantities (Chapter 8)
✔️ Topic Name: Compound Interest NCERT Example 11
✔️Topics to be Covered: Class 8 Maths Chapter 8 Compound Interest NCERT Example 11 (Page 129)- Comparing Quantities
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Previous Video: Difference Between Simple Interest And Compound Interest:
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Mam in sum they have given we have to find annualy compounded but you take directly 2nd year?
First we will find 1st year then we will add principal and so on it will continue for second
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Mam here compund interest found is per annum or end of 2 years
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C.I = P(1 + R/100)^n
[n is time that wll be taken as power of bracket]
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Mam like qhen the question we are giviin to like compound annually then we have to apply this method
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Can someone please tell what's the difference between amount and principle?
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Principal is what you have borrowed or lended, Amount is principal + Interest
Like if u have lended ₹100
₹100 is the principal
And if u demanded for ₹20 Interest
Amount will be Principal + Interest, ie.
₹100 + ₹20 = ₹120
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Please help me to solve this suppose 10000 deposit in a bank with rate of interest 10% compounded annually. After one year withdraw 5000 ,then what would be account balance at the end of 2 year
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Can someone tell me this one:
10,000(1+7/100)3
12250.43
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