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This chapter explores the concepts of comparing quantities, including ratios, percentages, discounts, sales tax, and the basics of compound interest. It provides practical examples and exercises to help understand how to calculate these quantities in various scenarios, from everyday applications to financial calculations. Additionally, it emphasizes the importance of understanding percent changes in different contexts, such as population growth and depreciation.
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NCERT Study MaterialClass Notes
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Term: Ratio
Definition: A comparison between two quantities showing how many times one value contains or is contained within the other.
Term: Percentage
Definition: A fraction expressed as a part of 100, used to compare quantities relative to a total.
Term: Discount
Definition: A reduction of the marked price of a product, often expressed as a percentage.
Term: Sales Tax
Definition: A tax imposed on sales of goods and services, typically added to the final bill amount.
Term: Compound Interest
Definition: Interest calculated on the initial principal, which also includes all accumulated interest from previous periods.