- Principal:The money borrowed or lent out for a certain period is called the principal or the sum.
- Interest:Extra money paid for using other's money is called interest.
- Simple Interest (S.I.):If the interest on a sum borrowed for certain period is reckoned uniformly, then it is called simple interest.Let Principal = P, Rate = R% per annum (p.a.) and Time = T years. Then
(i). Simple Intereest = P x R x T 100 (ii). P = 100 x S.I. ; R = 100 x S.I. and T = 100 x S.I. . R x T P x T P x R
Simple Interest - Important Formulas |Aptitude
Subscribe to:
Post Comments (Atom)
Top Views
- 18 December Important Current Affairs In English
- 24 November Important Current Affairs In English
- 20 November Important Current Affairs In English
- 21 November Important Current Affairs In English
- 5 November Important Current Affairs In English
- 19 November Important Current Affairs In English
- 7 November Important Current Affairs In English
- 11 August Important Current Affairs In English
- 14 February Important Current Affairs In English
- 22 February Important Current Affairs In English
No comments:
Post a Comment