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Title: Interest- The power of Banking
Description: Here, I have detailed about the manner of findings the interest rate of your deposited money. Just learn all the formula just only 10 minutes.
Description: Here, I have detailed about the manner of findings the interest rate of your deposited money. Just learn all the formula just only 10 minutes.
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Topic No: 04
Topic Name: Interest
Subject: Mathematics
Interest:
1
...
2
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3
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I)
Formula:
Simple Interest:
If Principal =P, Rate=R% per annum and time = T years
...
S
...
P =
3
...
T=
The type of above interest is called simple interest
...
In computing compound
interest, the interest is periodically added to the amount (or principal) which is earning interest
...
Compound interest: compound amount – principal
2
Title: Interest- The power of Banking
Description: Here, I have detailed about the manner of findings the interest rate of your deposited money. Just learn all the formula just only 10 minutes.
Description: Here, I have detailed about the manner of findings the interest rate of your deposited money. Just learn all the formula just only 10 minutes.