Class 8 Exam > Class 8 Videos > Simple Interest vs Compound Interest
Simple Interest vs Compound Interest Video Lecture - Class 8
FAQs on Simple Interest vs Compound Interest Video Lecture - Class 8
| 1. What is the difference between simple interest and compound interest? |  |
Ans. Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal amount as well as the accumulated interest from previous periods.
| 2. How is simple interest calculated? | |
Ans. Simple interest is calculated by multiplying the principal amount, the interest rate, and the time period in years. The formula for simple interest is: Interest = (Principal x Rate x Time) / 100.
| 3. How is compound interest calculated? | |
Ans. Compound interest is calculated using the formula: A = P(1 + r/n)^(nt), where A is the final amount, P is the principal amount, r is the interest rate, n is the number of times interest is compounded per year, and t is the time period in years.
| 4. Which type of interest yields higher returns: simple interest or compound interest? | |
Ans. Compound interest yields higher returns compared to simple interest. This is because compound interest takes into account the accumulated interest from previous periods, resulting in a higher overall interest amount.
| 5. In what situations is simple interest more commonly used than compound interest? | |
Ans. Simple interest is more commonly used when dealing with short-term loans, such as payday loans or short-term personal loans. It is also used in scenarios where interest is not compounded, such as certain savings accounts or fixed deposit schemes.
About this Video
4.83/5
Rating
Jan 09, 2025
Last updated
Simple Interest vs Compound Interest for Class 82025 is part of Class 8 preparation. The notes and questions for Simple Interest vs Compound Interest
have been prepared according to the Class 8 exam syllabus. Information about Simple Interest vs Compound Interest covers all important topics
for Class 82025 Exam. Find important definitions, questions, notes, meanings, examples, exercises
and tests below for Simple Interest vs Compound Interest.
Description
Video Lecture & Questions for Simple Interest vs Compound Interest Video Lecture - Class 8 - Class 8 full syllabus preparation | Free video for Class 8 exam.
Information about Simple Interest vs Compound Interest
Here you can find the Simple Interest vs Compound Interest defined & explained in the simplest way possible. Besides explaining types of Simple Interest vs Compound Interest
theory, EduRev gives you an ample number of questions to practice Simple Interest vs Compound Interest tests, examples and also practice Class 8 tests.
Video Timeline
Related Searches
mock tests for examination
,Objective type Questions
,practice quizzes
,Exam
,shortcuts and tricks
,Summary
,Simple Interest vs Compound Interest Video Lecture - Class 8
,Important questions
,MCQs
,past year papers
,ppt
,Free
,Extra Questions
,video lectures
,Sample Paper
,Previous Year Questions with Solutions
,Semester Notes
,study material
,Viva Questions
,Simple Interest vs Compound Interest Video Lecture - Class 8
,Simple Interest vs Compound Interest Video Lecture - Class 8
;
Study Simple Interest vs Compound Interest on the App
Students of Class 8 can study Simple Interest vs Compound Interest alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Simple Interest vs Compound Interest,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Simple Interest vs Compound Interest is prepared as per the latest Class 8 syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup