In case of Simple Profit:
1) Principal, P = 15000 taka
2) Time, n= 3 years
3) Rate of Profit, r= 9%
a) What will be the simple profit (1) in 3 years?
b) What will be Profit- Principal (A) as mentioned
time in (2)?
Answers
Step-by-step explanation:
The amount which is lent / deposited is called Principal
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.Compound Interest is the interest calculated on the cumulative amount, rather than being calculated on the principal amount only.
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.Compound Interest is the interest calculated on the cumulative amount, rather than being calculated on the principal amount only.Amount, A = P [1 + (R / 100)]n, where P is the principal, R is the rate of interest per unit time period and n is the time period.
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.Compound Interest is the interest calculated on the cumulative amount, rather than being calculated on the principal amount only.Amount, A = P [1 + (R / 100)]n, where P is the principal, R is the rate of interest per unit time period and n is the time period.Compound Interest, CI = Amount – Principal
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.Compound Interest is the interest calculated on the cumulative amount, rather than being calculated on the principal amount only.Amount, A = P [1 + (R / 100)]n, where P is the principal, R is the rate of interest per unit time period and n is the time period.Compound Interest, CI = Amount – PrincipalIf compounding period is not annual, rate of interest is divided in accordance with the compounding period. For example, if interest is compounded half yearly, then rate of interest would be R / 2, where ‘R’ is the annual rate of interest.
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.Compound Interest is the interest calculated on the cumulative amount, rather than being calculated on the principal amount only.Amount, A = P [1 + (R / 100)]n, where P is the principal, R is the rate of interest per unit time period and n is the time period.Compound Interest, CI = Amount – PrincipalIf compounding period is not annual, rate of interest is divided in accordance with the compounding period. For example, if interest is compounded half yearly, then rate of interest would be R / 2, where ‘R’ is the annual rate of interest.If interest is compounded daily, rate of interest = R / 365 and A = P [ 1 + ( {R / 365} / 100 ) ]T, where ‘T’ is the time period. For example, if we have to calculate the interest for 1 year, then T = 365. For 2 years, T = 730.
The amount which is lent / deposited is called PrincipalThe money that the principal generates is called Interest. This is the money generated as a result of borrowing/lending.Compound Interest is the interest calculated on the cumulative amount, rather than being calculated on the principal amount only.Amount, A = P [1 + (R / 100)]n, where P is the principal, R is the rate of interest per unit time period and n is the time period.Compound Interest, CI = Amount – PrincipalIf compounding period is not annual, rate of interest is divided in accordance with the compounding period. For example, if interest is compounded half yearly, then rate of interest would be R / 2, where ‘R’ is the annual rate of interest.If interest is compounded daily, rate of interest = R / 365 and A = P [ 1 + ( {R / 365} / 100 ) ]T, where ‘T’ is the time period. For example, if we have to calculate the interest for 1 year, then T = 365. For 2 years, T = 730.If interest is compounded monthly, rate of interest = R / 12 and A = P [ 1 + ( {R / 12} / 100 ) ]T, where ‘T’ is the time period. For example, if we have to calculate the interest for 1 year, then T = 12. For 2 years, T = 24.