RS AggarwalSolutions for Class 8 Maths Chapter 11 Compound Interest


RS Aggarwal Solutions for Class 8 Chapter 11 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. Compound Interest deals with the definition of compound interest, finding the compound interest when interest is compounded annually and half-yearly using the formulae and without using the formulae. It also deals with applications of compound interest.