**NCERT Solutions for Class 8 Maths Chapter 8 Exercise 8.3 – Comparing Quantities, has been designed by the NCERT to test the knowledge of the student on the following topics:-**

- Compound Interest
- Deducing a Formula for Compound Interest
- Rate Compounded Annually or Half Yearly (Semi Annually)
- Applications of Compound Interest Formula

### NCERT Solutions for Class 8 Maths Chapter 8 Exercise 8.3 – Comparing Quantities

**NCERT Solutions for Class 8 Maths Chapter 8 Exercise 8.3 – Comparing Quantities**

**Q.1 Calculate the amount and compound interest on**

**(a) Rs. 10,800 for 3 years at % ****per annum compounded annually. **

**(b) Rs. 18,000 for**

**years at 10% per annum compounded annually.**

**(c) Rs. 62,500 for**

**years at 8% per annum compounded half yearly.**

**(d) Rs. 8,000 for 1 year at 9% per annum compounded half yearly.**

**(e) Rs. 10,000 for 1 year at 8% per annum compounded half yearly.**

**Solution:**

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