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SIMPLE INTEREST COMPOUND INTERESTS PROBLEM WITH EXPLANATIONS

Simple Interest Compound Interests Problem with Explanations with solutions pdf

Simple Interest Compound Interests Problem With Explanations

Quantitative Aptitude Concept wise Explanation with Practice problems, Simple Interest Compound Interests Problem with Explanations and solutions

SIMPLE INTEREST
S. I = PTR / 100

S. I = Simple interest
P = principal
T = time in years
R = rate of interest
A = P + S. I
A = total amount
COMPOUND INTEREST
C. I = P × (1 + R/100)^T − P
C. I = Compound interest
P = principal
T = time in years
R = rate of interest
A = P + C. I
A = Total amount
Compound interest for half-yearly
C. I = P × (1 +R/(2*100))^2T – P

Compound interest for quarterly
C. I = P × (1 +R/(4*100))^4T – P

When T = 2 years, R = any rate of interest
C. I – S. I = PR^2 / 100^2

When T = 3 years, R = any rate of interest
C. I – S. I = PR^2 (300 + R) / 100^3

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