Simple and Compound Interest
Simple and Compound Interest
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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.
The Laureus World Sports Awards is an annual award ceremony honoring individuals and teams from the world of sports along with sporting achievements throughout the year. It was established in 1999 by Laureus Sport for Good Foundation founding patrons Daimler and Richemont. The Winners of the 2021 Laureus World Sports Awards have been unveiled at a digital Awards Ceremony in Seville. .
The full list of Laureus World Sports Award Winners 2021 is:.
SI.No
Laureus Award
Recipient
.
1
World Sportsman of the Year
Rafael Nadal
Country – Spain, Sports – Tennis.
.
2
World Sportswoman of the Year
Naomi Osaka
Country – Japan, Sports – Tennis.
.
3
World Team of the Year
Bayern Munich
German Football Club.
.
4
World Breakthrough of the Year...
1757: Battle of Plassey.
1857: First War of Independence.
1858: India comes under the direct rule of the British crown.
1885: The Indian National Congress was formed in Bombay.
1905: The Partition of the Bengal.
1909: Minto – Morley Reforms.
1911: Bengal Partition annulled.
1914-1918: Britain drags India into World War I.
1915: Gandhi returns to India from South Africa.
1916: Lucknow Pact.
1917: Champaran and Kheda Satyagraha.
1919: Jallianwala Bagh Massacre.
1921 to 1922: Civil Disobedience Movement.
1922: Chauri – Chaura Incident.
1924: Moplah riots between Hindus and Muslims.
1927: The British government appoints the Simon Commission.
1928: Bardoli Satyagraha.
1930: Salt Satyagraha, First Round Table Conference.
1931: Second Round Table Conference, Gandhi-Irwin pact.
1932: Poona Pact, Third...
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, .
...
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