CBSE /Class 8
Maths MCQ Based On Deducing a formula for compound interest
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CBSE Class 8 Maths Deducing a formula for compound interest
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\\(CI=P\\left ( 1+\\frac{R}{100} \\right )^{n}-P\\)
Use subtraction.
\\(\\frac{R}{100}=\\frac{x}{P}\\)
Compound Interest \\(=A-P\\)
\\(A=P\\left ( 1+\\frac{R}{100} \\right )^{n}\\)
Compute the principal amount.
Substitute the given values in the formula shown.
\\(CI=A-P\\)
Use the formula \\(SI=\\left ( \\frac{P \\times R \\times T}{100} \\right )\\)
Use the formula \\(CI=A-P\\)
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