Simple and Compound Interest Formula
Simple and Compound Interest Formula
P - Principal, the sum of money lent or borrowed.
R - Rate of interest: Annual interest, often expressed as a percentage.
T - Time period for which the money is lent or borrowed.
Simple Interest = Principal * Time * Rate of interest / 100
SI = P * T * R
For example, Principal is 4000, Rate of Interest is 8% and Time period is 4 years
SI = 4000× 8% × 4 = 4000× 0.08 × 4
= 1280.
In compound interest, the principal amount with interest after the first time period becomes the part of principal for the next time period.
CI = [P (1 + R/100)^T] – P
Total amount = [P (1 + R/100)^T]
If time period is half-yearly,
Amount = P[1 + (R/2)/100]^2T
If time period is quarterly,
Amount = P[1 + (R/4)/100]^4T
For example, Principal is 7500, Rate of Interest is 4% (compounded annually) and Time period is 2 years
Total Amount = [7500×(1+4/100)^2] = 8112.
CI = (8112 - 7500) = 612.
Problems Type 1: .
A can finish work in X days. .
B can finish work in Y days.
Both can finish in Z days = (X*Y) / (X+Y). .
Problems Type 2: .
Both A and B together can do work in T days.
A can do this work in X days.
then, B can do it in Y days = (X*T) / (X-T) .
Problems Type 3: .
A can finish work in X days.
B can finish work in Y days.
C can finish work in Z days.
Together they can do work in T days = (X*Y*Z)/ [(X*Y)+(Y*Z)+(X*Z)] .
Problems Type 4: .
A can finish work in X days.
B can finish work in Y days.
A*X = B*Y.
...
Code: MBBS PAIN.
M: Malideep.
B: Bhutan.
B: Bengladesh.
S: Srilanka.
P: Pakistan.
A: Afganistan.
I: India.
N: Nepal.
...
Code -“BHAJI SABJI FOR MAASAAB”.
B : Babur.
H : Humayun.
A : Akbar.
JI : Jahangir.
S : Shah jahan.
A : Aurangazeb.
B : Bahadur shah.
JI : Jahandar shah.
For : Farrukhsiyar.
M : Muhammad Shah.
A : Ahmad Shah.
A : Alamgir II.
SA : Shah Alam II.
A : Akbar II.
B : Bahadur Shah Zafar.
...
