Banks and the Magic of Finance — Formula Sheet
CBSE · Class 7 · Social Science
2 formulas from Banks and the Magic of Finance (CBSE Class 7 Social Science) on one page, grouped by topic. Covers What banks do, Interest and compounding.
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Formulas and Key Relations
Compounding and Growth of Money
₹1000 + 6% of 1000 = ₹1000 + (6/100 × 1000) = ₹1000 + 60 = ₹1060
1060 + 63.60 = ₹1,123.60
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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