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Chapter 11 – Compound Interest – R S Aggarwal Solutions for class 8

In general Compound interest means ‘Interest on Interest’ The Interest earned on principal plus the interest that was earned earlier.

It is the method that enables banks to issue loans and for depositors to keep money at banks.

When we need to find CI for interest compounded half-yearly: Rate of interest(R) becomes R2% and time doubles.



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