Simple Interest

Introduction:

Principal: Money that is given to a person as a loan is called principal.

Time: The amount of money lent for the day is called the time of interest.

Rate: The rate at which interest is levied is called interest rate.

Interest: When a person lends money to someone else or from the bank, after the use of funds, which he has to pay extra, it is called interest.

Simple Interest: The interest is only on principal, fixed at a single rate for a fixed time, is called simple interest.

Amount : The sum of principal and interest is called Amount.

Symbolic Terms:
P = Principal
t = Time
r = Rate
I = Simple Interest
A = Amount

Formula with Solved Examples:   Tricks with Trickily with Solved Examples:               Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set

Grouping of Identical Figures Practice Set