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# RD Sharma Class 8 Solutions Chapter 14 - Compound Interest (Ex 14.1) Exercise 14.1 Last updated date: 02nd Dec 2023
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## Class 8 Solutions for Chapter 14-Compound Interest

Understanding mathematics concepts is very important for every student as it helps in large areas in life. But, most of the students find it difficult, due to its vast syllabus, complex formulas, theorems, and lack of understanding of concepts. If the concepts are unclear, people always look out for reference books. RD Sharma is one of the renowned reference books for mathematics. It covers all kinds of questions from basic fundamental level to advanced level. This gives clear knowledge to the students as it is completely solved, which they can refer to know about various ways to solve a question. Here, we provide RD Sharma Solutions for Class 8 Chapter 14- Compound Interest, Exercise-14.1 in PDF format. Students can download it for free for reference from Vedantu.

Free PDF download of RD Sharma Class 8 Solutions Chapter 14 - Compound Interest Exercise 14.1 solved by Expert Mathematics Teachers on Vedantu.com. All Chapter 14 - Compound Interest Ex 14.1 Questions with Solutions for RD Sharma Class 8 Maths to help you to revise complete Syllabus and Score More marks. Register for online coaching for IIT JEE (Mains & Advanced) and other Engineering entrance exams. Vedantu is a platform that provides free NCERT Solution and other study materials for students. Science Students who are looking for NCERT Solutions for Class 8 Science will also find the Solutions curated by our Master Teachers really Helpful.

## Chapter 14- Compound Interest

CBSE Class 8 Mathematics Chapter 14 of RD Sharma Solutions book consists of Compound Interest. It is one of the important chapters in mathematics, which will be useful for commercial purposes of life. For Example, To measure the population growth, increment or depreciation of an article, etc. Chapter 14- Compound Interest consists of 89 questions, which are divided into five exercises.

Exercise 14.1 consists of 15 questions, the questions are framed to find the compound interest of the given article for different time periods.

Exercise 14.2 consists of 22 questions, this is the second set of questions or continuation of compound interest exercise 14.1.

Exercise 14.3 consists of 28 questions, in which compound interest for quarterly, half-yearly and month-wise need to be calculated.

Exercise 14.4 consists of 16 questions, in which population growth-related compound interest problems need to be calculated.

Exercise 14.5 consists of 8 questions, where the questions are based on the application of compound interest and depreciation-related problems.

To have a step-by-step clear knowledge of the concepts, Vedantu provides RD Sharma Class 8 Solutions for Chapter 14, Exercise-14.1 PDF. It has a step-by-step solution for all the 22 questions on the exercise, which will be helpful for students to understand the concepts easily and it gives an idea of how each question is to be solved.

## FAQs on RD Sharma Class 8 Solutions Chapter 14 - Compound Interest (Ex 14.1) Exercise 14.1

1. What is the difference between simple interest and compound interest?

Interest is the cost of borrowing money or an article from others. Interest can be classified into two types: Simple Interest (SI) and Compound Interest (CI). Simple Interest is based on the principal amount of a loan or deposit. Compound Interest is the principle and interest accumulated on every period. Simple Interest is easy to calculate as it has a fixed principal amount. Whereas in compound interest, the interest of the previous installment will be added to the principal amount. Compound Interest is always greater than Simple Interest (for more than one year).

2. Why should you study RD Sharma Class 8 Maths Solutions?

It is one of the renowned reference books for CBSE board students. The solution covers the entire syllabus in a chapter-wise order. The book is completely error-free and it is completely trustable for exam preparation. It is solved by highly experienced subject matter experts. The book uses simple language, which can be understood by every student. The book is completely available online for free, Students can access it whenever they have doubts. It can also be downloaded for offline practice and reference. It gives a clear idea of how to solve a question using various methods.

3. Where can compound interest be used in real life?

Compound Interest can be used in various situations in real life. The following are some of the examples where you can apply the compound interest formula in real life,

• It can be used to measure the population growth of a particular area based on valid data.

• It can be used to predict the past, present, and future price, population, the spread of the virus, water scarcity, etc.,

• It is used to measure the value of an item, whether the price increases or decreases in the intermediate years or depreciation-related problems.

4. How to score full marks in Maths?

The following are some of the tips to score full marks in Maths,

• Maintain a separate handy note for formulas, theorems, and important concepts,  this can be really useful during the last-minute revision.

• It is important to practice different types of problems and solve them by yourself. This can be helpful to remember the concept for a longer period of time and helps to handle all types of difficult questions.

• Understand the syllabus and weightage of marks for each chapter and section. This will simplify the preparation and help to build the right strategy for the exam.

• Use the right reference books for solutions and practice. RD Sharma is one of the best books for reference for Mathematics and helps students to understand all kinds of concepts easily through step-by-step solutions.

• Practice more of the previous year’s question papers as most of the important questions are repetitive.

5. Is Class 8 maths important for next year?

Every Class is important for a student. Class 8 is one of the important years for a student as it sets the platform for classes 9 and 10. As we know every class is interlinked to each other and to know a concept one must be strong with the basics. So, to understand classes 9 and 10 one should understand the basic concepts learned in the previous year such as class 8. Thus having strong knowledge of the subjects is very essential in class 8 making it one of the important classes for students.