Question

P and Q share profit in the ratio of 4/7 and 3/7.They decided to share profit equally in future.Show who will gain and in what ratio?

Answer 1

The simple interest formula allows us to calculate I, which is the interest earned or charged on a loan. According to this formula, the amount of interest is given by I = Prt, where P is the principal, r is the annual interestrate in decimal form, and t is the loan period expressed in years.