Tips and Ticks Simple and Compound Interest Formula


Tips and Ticks 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.

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Code: FLASK OC .


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L : Leela seth .

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A : Annachandy .

First woman judge in High court.


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Average calculation

N = the number of terms  .

S = the sum of the numbers in the set.

Average = S/N .


For example.

The marks of a student in five subjects are 96, 94, 92, 87, and 81, then what is the average score of the student?.

N = 5.

S = 96 + 94 + 92 + 87 + 81 = 450.

A = 450/5 = 90.


Another type questions .

1). There are 36 boys and 44 girls in a class. The average score of boys is 40 and girls are 35. Then what will be the average mark? .


Total mark of 36 boys = 36 x 40 = 1440.

Total mark of 44 girls = 35 x 44 = 1540.

Total mark of 80 Students = 1440 + 1540 = 2980 .

Average mark of the class = (2980 / 80).

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