Comparing Quantities | Full Chapter Explanation - Concept Quiz | Class 8 | Maths | BYJU'S
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Comparing Quantities | Full Chapter Explanation - Concept Quiz | Class 8 | Maths | BYJU'S
Hello Students!!! "The only class you need to attend and quiz you need to take for ""Comparing Quantities"" in 2023 is here. In this class, we cover a) Recalling Ratios and Percentages b) Finding Discounts c) Sales Tax/Value Added Tax/Goods and Services Tax d) Compound Interest e) Deducing a Formula for Compound Interest f) Applications of ...
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🔑 Key Concepts of Compound Interest - Definition: Compound interest is calculated on both the original principal and the accumulated interest from previous periods. - Formula: A=Pcdot (1 i)^n- A = final amount - P = principal (initial investment) - i = interest rate per compounding period - n = number of compounding periods - Difference from Simple Interest: - Simple interest only applies to the principal. - Compound interest applies to the principal plus prior interest, accelerating growth. 📊
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🔑 Key Concepts of Compound Interest - Definition: Compound interest is calculated on both the original principal and the accumulated interest from previous periods. - Formula: A=Pcdot (1 i)^n- A = final amount - P = principal (initial investment) - i = interest rate per compounding period - n = number of compounding periods - Difference from Simple Interest: - Simple interest only applies to the principal. - Compound interest applies to the principal plus prior interest, accelerating growth. 📊
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