Question:−
BASICS CONCEPTS OF MATHS LIKE MULTIPLY, SIMPLR INTEREST
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Answer:
DEFINITION :-
Simple Interest (S.I) is the method of calculating the interest amount for some principal amount of money. Have you ever borrowed money from your siblings when your pocket money is exhausted? Or lent him maybe? What happens when you borrow money? You use that money for the purpose you had borrowed it in the first place. After that, you return the money whenever you get the next month’s pocket money from your parents. This is how borrowing and lending work at home.
Simple Interest (S.I) is the method of calculating the interest amount for some principal amount of money. Have you ever borrowed money from your siblings when your pocket money is exhausted? Or lent him maybe? What happens when you borrow money? You use that money for the purpose you had borrowed it in the first place. After that, you return the money whenever you get the next month’s pocket money from your parents. This is how borrowing and lending work at home.But in the real world, money is not free to borrow. You often have to borrow money from banks in the form of a loan. During payback, apart from the loan amount, you pay some more money that depends on the loan amount as well as the time for which you borrow. This is called simple interest. This term finds extensive usage in banking.
FORMULA + CONCEPTS:-
Simple interest formula is given as:
Simple interest formula is given as:SI = (P × R ×T) / 100
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interest
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principal
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principalR = interest rate (in percentage)
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principalR = interest rate (in percentage)T = time duration (in years)
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principalR = interest rate (in percentage)T = time duration (in years)In order to calculate the total amount, the following formula is used:
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principalR = interest rate (in percentage)T = time duration (in years)In order to calculate the total amount, the following formula is used:Amount (A) = Principal (P) + Interest (I)
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principalR = interest rate (in percentage)T = time duration (in years)In order to calculate the total amount, the following formula is used:Amount (A) = Principal (P) + Interest (I)Where,
Simple interest formula is given as:SI = (P × R ×T) / 100Where SI = simple interestP = principalR = interest rate (in percentage)T = time duration (in years)In order to calculate the total amount, the following formula is used:Amount (A) = Principal (P) + Interest (I)Where,Amount (A) is the total money paid back at the end of the time period for which it was borrowed.
Answer:
3+2
2
1
=
3+2
2
1
×
3−2
2
3−2
2
=
(3)
2
−(2
2
)
2
3−2
2
=
9−8
3−2
2
=3−2
2
=3−2(1.4)
=3−2.8
=0.2
3+2
2
1
=
3+2
2
1
×
3−2
2
3−2
2
=
(3)
2
−(2
2
)
2
3−2
2
=
9−8
3−2
2
=3−2
2
=3−2(1.4)
=3−2.8
=0.2