Concise Mathematics Class 8 ICSE Solutions Simple and Compound Interest

ICSE Class 8 Maths Selina Solutions Chapter 9 Simple and Compound Interest

Simple and Compound Interest is mostly used in banking. You must have seen statements like “one year interest for a fixed deposit in the bank @7% per annum”. Do you understand the meaning of this? Well, it means if a person does the fixed deposit of some amount of money for 1 year then he/she will get 7% interest on it. Now, you must be wondering what this interest is? The Interest is the extra money paid by banks or post offices on the money that the user had deposited earlier. Concise Mathematics Class 8 ICSE Solutions Simple and Compound Interest completely deal with the topics of Simple and Compound Interest. Here, you will learn how to calculate the difference between simple and compound interest, the formula for compound interest through patterns and questions related to them.

Concise Mathematics Class 8 ICSE Solutions Simple and Compound Interest

You must solve all the exercise problems in this chapter. In annual exams, you will definitely find some of the questions based on this topic. Moreover, this chapter will also improve your quantitative aptitude questions solving skills. Now, in most of the competitive examination quantitative aptitude is asked. So, this chapter will benefit you there also.  

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