Gujarat BoardEnglish MediumSTD 8MATHSComparing Quantities1 Mark
Question
Compound interest is the interest calculated on the previous year’s amount.
✓
Answer
$V$ Compound interest, $Cl = A - P$ Where,
$\text{A}=\text{P}\Big[1+\frac{\text{R}}{100}\Big]^{\text{n}}$
Here, $P =$ Principal on previous year’s amount and $A =$ Present year’s amount $R =$ Rate of interest and $n =$ time
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.