Simple and Compound Interest Formulas with Questions
Interest is one of the most significant ideas in maths and financial calculations. It is very common in banking, loan applications, investments, saving account and competitive exams. Simple Interest and Compound Interest make it easier to find out how much more is earned and/or paid on a principal during the period of time. These Interest … Read more
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S.I. for 1 year = Rs. (2124-2016) = Rs. 108. S.I. for 2 years = Rs.(108 x 2) = Rs. 216. We know that, A = P + S.I. So, A = 2016 S.I. = 216 Principal, P = Rs. (2016-216) = Rs. 1800.
A sum of money becomes ` 2016 in 2 years and ` 2124 in 3 years, at simple interest. What is the sum of money? Ans: sum of money p= 1800
A sum of money becomes ` 2016 in 2 years and ` 2124 in 3 years, at simple interest. What is the sum of money?
The ratio of 12th term to 15th term of a G.P. is 8 : 1. What is the common ratio of G.P?
Good answer