RD SharmaSolutions for Class 8 Maths Chapter 14 Compound Interest


RD Sharma Solutions for Class 8 Chapter 14 is about “Compound Interest”. Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. We shall discuss concepts based on compound interest and its methods to calculate the compound interest. We shall also discuss problems on population growth and depreciation of the value of different assets. The concepts covered in this chapter is to Compound Interest with Growing Principal, Compound Interest with Periodic Deductions, Compound Interest by Using Formula, Compound Interest when Interest is Compounded Yearly. Compound Interest when Interest is Compounded Half-Yearly, Compound Interest when Interest is Compounded Quarterly, Problems on Compound Interest, Variable Rate of Compound Interest, Difference of Compound Interest and Simple Interest, Practice Test on Compound Interest, etc.