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Simple Interests: Important Facts and Formulae
Simple Interests: Important Facts and Formulae
Simple Interests: Important Facts and Formulae
Formulae:
Principal = P
Rate = R% per annum
Time = T years. Then,
Simple Problems
Sol:- P=68000
R=50/3% p.a
T=9/12 years=4/3 years
S.I=(P*R*T)/100
=(68000*(50/3)*(3/4)*(1/100))
=Rs 8500
Sol:- Time=(24+31+18)days
=73 days
=73/365=1/5 years
P= Rs 3000
R= 18% p.a
S.I = (P*R*T)/100
=(3000*18*1/5*1/100)
=Rs 108
Remark:- The day on which money is deposited is not
counted while the day on which money is withdrawn is
counted.
Sol:- 4 yrs - - - - - - - - - P
12 yrs - - - - - - - - - ?
(12/4)* P =3P
Amount or Sum = P+3P = 4 times
5.If x,y,z are three sums of money such that y is the simple
interest on x,z is the simple interest on y for the same
time and at the same rate of interest ,then we have: