Class 08 Comparing quantities -1 Difference between simple interest and compound interest.

 

COMPARING QUANTITIES

 

Activity-1 :

Subtopic: Difference between simple interest and compound interest.

DATE:

 

AIM / Objective:

To find the difference between simple interest and compound interest

 

MATERIALS REQUIRED:

Pencil, scale, eraser

 

PREREQUISITE KNOWLEDGE:

Concept of Simple interest and compound interest

 

PROCEDURE:

 

Description:

Calculate simple interest and compound interest on Rs. 100000 at 10% per annum for 5 consecutive years and tabulate the data in the following manner.

 

LEARNING ASSESSMENT:

 

Make a double bar graph representing SI and CI and observe the gain in each year and long term benefits of compound interest.

 

Year	Principal for S.I	Principal for C.I	SI	CI
1
2
3
4
5

SOLUTION: