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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Profit and Loss Formulas and Tips

Profit and loss is the one of major question section in Competitive exams. These formulas will be helpful for your upcoming Exams like PSC, SSC, IBPS and Other Competitive Exams. .


Cost Price(CP) : The Price at which a particular item purchased, is called its Cost Price.
Selling Price (SP): The price at which a particular item is sold, called its Selling Price.
Profit: If Selling Price of an item is more than Cost Price , then vendor is said to have a Profit.
Loss: if Selling Price of an item is less than Cost Price, the vendor said to have a Loss.


Formulas Profit = SP – CP.
Profit % = Profit/(CP)×100.
SP = ((100+Profit% )/100)×CP.
CP = (100/(100+Profit%))×SP.


Loss = CP – SP.
Loss% = Loss/(CP)×100.
SP = ((100-loss%)/100)×CP.
CP = (100/(100-loss%))×SP.


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GK പഠനത്തിനു സഹായകരമായ കോഡുകൾ

1) ഇന്ത്യയിലെത്തിയ വിദേശികൾ അവർ വന്ന ക്രമത്തിൽ = PDEF .

Portagese, Dutch,English, French.


2) വൈറ്റമിനുകൾ.

കൊഴുപ്പിൽ ലയിക്കുന്നവ= ADEK.

ജലത്തിൽ  ലയിക്കുന്നവ = BC.


3) കൂടുതൽ States അധികാരപരിധിയിലുള്ള ഹൈകോടതി = ഗുഹാവതി. ഏതൊക്കെ?.

States  Code = MAAN ( മിസോറം,അരുണാചൽപ്രദേശ്, അസം,നാഗാലാൻഡ്‌ ).


4) യുദ്ധങ്ങൾ അവസാനിപ്പിച്ച സന്ധികൾ.

കർണാട്ടിക് യുദ്ധങ്ങൾ...

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Faster Percentage Calculation

The quickest way to calculate percentages is to multiply numbers first and handle two decimal places later.

For example, 20% of 70 is 20 x 70 = 1400, so the answer is 14. .

70% of 20 is also 14.

To calculate the percentage of 72 or 29, then round up and down to the nearest multiple (70 and 30 respectively) to get a quick approx result.

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