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RD Sharma Class 8 Solutions Chapter 14 - Compound Interest (Ex 14.2) Exercise 14.2

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Last updated date: 17th Apr 2024
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RD Sharma Class 8 Solutions Chapter 14 - Compound Interest (Ex 14.2) Exercise 14.2 - Free PDF

RD Sharma Class 8 Solutions Chapter 13

Free PDF Download of RD Sharma Class 8 Solutions Chapter 14 - Compound Interest Exercise 14.2 solved by Expert Mathematics Teachers on Vedantu.com. All Chapter 14 - Compound Interest Ex 14.2 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. Register Online for Class 8 Science tuition on Vedantu.com to score more marks in CBSE board examination. Vedantu is a platform that provides free CBSE Solutions (NCERT) and other study materials for students.

Class 8 Chapter 14 RD Sharma Solutions - Compound Interest (Ex 14.2) Exercise 14.2

Introduction to the Chapter

Class 7 had included simple interest and how to calculate its amount and formula. Even in Class 8 of Chapter 14, we will analyze concepts based on compound interest and the methods to calculate it. Additionally, we will examine the effects of population growth and the depreciation of various assets. Students studying RD Sharma Class 8 learn the correct methods for solving problems by working with our expert tutors. In order to strengthen your weaker areas, you can use this site to achieve your goals by utilizing RD Sharma's solutions. PDFs are available below for students to download free of charge.

This page presents solutions to the RD Sharma Solutions for Chapter 14- Compound Interest. RD Sharma Solutions covers five exercises in this chapter. Taking a look at the concepts discussed in this chapter, let's see how they work in practice.

  • Computation of compound interest- compounded annually, half-yearly and quarterly.

  • Computation of compound interest by using Formulae.

  • Inverse problems with compound interest.

  • Population growth problems.

  • Depreciation-related problems.

For Class 8 Maths Chapter Compound Interest, Exam Preparation Tips Using RD Sharma Solutions

These tips will be useful for students when they attempt questions from the compound interest chapter.

  • Before attempting the questions from Compound interest, review the concepts of ratios and percentages.

  • Then, focus on the concept of compound interest after understanding simple interest, profit and loss and discounts clearly.

  • Calculate simple interest and compound interest quickly using the simple interest and compound interest formulas. 

Conclusion

Students preparing for their board exams will find Vedantu's Compound Interest Class 8 RD Sharma Solutions really useful. A lot of practice questions are also included in the RD Sharma solutions for students to help them prepare for their tests more efficiently. When students use the RD Sharma Class 8 solutions on Compound Interest, they will find a unique and fun way to learn.

FAQs on RD Sharma Class 8 Solutions Chapter 14 - Compound Interest (Ex 14.2) Exercise 14.2

1.What is compound interest?

As soon as the principal (amount on which interest is calculated) is renewed every year, compound interest is calculated in the same way as an annual simple interest calculation. You earn interest every year on the fixed amount that you keep in a bank. Each year you earn a higher interest rate. We need to calculate the compound interest separately for each year to find the compound interest for Rs 1000 over 2 years at 10%. 

2.What is the formula for Compound Interest?

Compound Interest Formula:

Interest

Principle×Rate100 Principle×Rate100

Principal

Interest×100RateInterest×100Rate

Rate

Interest×100Principal

3. When it comes to compound interest, what does the term Time mean?

The loan duration, commonly expressed in years, determines how long the principal will be lent.

A loaned sum of money is called a principal. Interest is the profit earned from that principal.

Compound interest- This is the interest earned annually from lending a principal over a certain period of time.

4. What does the term Principal and Amount mean in Compound Interest?

In principle, an amount of money is lent for an agreed period of time at an agreed rate of interest.

The amount left at the end of the experiment is called the amount. In this case, the principal, as well as the interest earned, are included in the amount.

5. Can compound interest be applied to a variety of situations?

In the banking and finance sectors as well as in other fields, compound interest is used most often. 

It can be used in the following situations:

  • Increasing or decreasing population.

  • A rise in bacteria.

  • Value increases or decreases.