Chapter-11 Compound Interest

About RS Aggarwal Solutions for Class 8 Maths Chapter-11 Compound Interest

Compound interest refers to the method of calculating interest on an initial amount of money (the principal) that also includes any previously earned interest. In simple terms, it is interest calculated on both the principal amount and the accumulated interest from previous periods. For RS Aggarwal's class 8 Maths check out the page and if you need home tuition for class 8 Maths find the right tutors

Here's how compound interest works:

Let's say you deposit an amount of money, called the principal, into a savings account or invest it in a financial instrument that earns compound interest. The interest is calculated based on the principal and added to the account periodically (such as annually, semi-annually, quarterly, or monthly). As the interest is added to the principal, the total amount grows, and subsequent interest calculations are based on this new higher amount.

Exercise of RS Aggarwal Solutions for Class 8 Maths Chapter-11 Compound Interest

Class 8 Maths Compound Interest (Ex 11A) Exercise 11.1

Class 8 Maths Compound Interest (Ex 11B) Exercise 11.2

Class 8 Maths Compound Interest (Ex 11C) Exercise 11.3

Class 8 Maths Compound Interest (Ex 11D) Exercise 11.4

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