## Class 8 Solutions for Chapter 14-Compound Interest

## 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.