NCERT Solutions Class 8 Maths Chapter 8 Exercise 8.3 Comparing Quantities
The NCERT solutions for Class 8 maths Chapter 8 Exercise 8.3 Comparing Quantities dives into the very heart and soul of modern finance that is the time value of money by indulging in questions about simple and compound interest.
The questions in NCERT Solutions Class 8 maths Chapter 8 Exercise 8.3 will give the much needed practice to play, understand and appreciate the interrelation of interest rate as well as time in determining the time value of money. So these questions should be worked upon step by step, clearly understanding the process and learning the simple hold of mathematics which yields so much power in the real world. The pdf of Class 8 maths NCERT solutions Chapter 8 Exercise 8.3 can be found below:
☛ Download NCERT Solutions Class 8 Maths Chapter 8 Exercise 8.3
Exercise 8.3 Class 8 Chapter 8
More Exercises in Class 8 Maths Chapter 8
NCERT Solutions Class 8 Maths Chapter 8 Exercise 8.3 Tips
The NCERT solutions Class 8 maths Chapter 8 Exercise 8.3 Comparing Quantities show that while simple interest looks easy and instinctive it is the magic of compound interest upon which the foundation of modern finance is laid upon. The effect of value time being in the exponent can be seen when one calculates the interest for successive periods of time.
The approach to this exercise must be to see how changing the inputs to the same formula changes the output. The problems in NCERT solutions Class 8 maths Chapter 8 have an easy approach and encourage the students to make use of the data sets and get a feel of the input-output relation of this formula.
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