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Simple Interest

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Introduction:

Principal: Money that is given to a person as a loan or 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, it is called simple interest

 

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

 

Symbolic Terms:
P = Principal
t = time (fine)
r = rate
I = Simple Interest
A = Amount

 

 

Formula with Solved Examples:

 

 

 

Tricks with Trickily with Solved Examples:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Objective type Questions, Notes for Govt Exams, current affairs, general knowledge, hindi objective questions, English objective questions, Mathematics objective Questions, Reasoning Objective Questions, study material for IBPS, study material for banks, study material for SSC, study material for DSSSB, Aptitude objective type Questions, Solved Question papers, Notes, Study Material, general knowledge questions and answers, gk questions and answers, hindi questions and answers, English questions and answers , mathematics questions and answers, reasoning questions and answers, current affairs questions and answers, general knowledge questions and answers for competitive Exams, gk questions and answers for competitive Exams, hindi questions and answers for competitive Exams, English questions and answers for competitive Exams, Mathematics questions and answers for competitive Exams, reasoning questions and answers for competitive Exams, current affairs questions and answers for competitive Exams, Railway jobs, banking job, corporate jobs, government jobs, govt jobs, private jobs, CPO, PCS, RRB, CDS, UPSC,Notes, Online Tests, practice sets, questions and answers with explanation for competitive examination, entrance test, Railway, IBPS, SSC, DSSSB, PCS, Banking for hindi, english, mathematics, reasoning, gk, current affairs and many more.





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