SIMPLE INTEREST

SUBMITTED BY MOHIT KUMARUPS CHAKWALISAHARANPUR

SIMPLE INTEREST

SIMPLE INTEREST IS AN INTREST WHICH IS CALCULATED ON THE PRINCIPAL AMOUNT AT FIXED RATE IN FIXED TIME.

FORMULA

SIMPLE INTEREST=(P*R*T)/100

PRINCIPAL AMOUNT

THE AMOUNT WHICH TAKEN BY ANY MAN RATE TIME

FOR EXAMPLE

PRINCIPAL AMOUT=100 RATE AS PER YEAR=3 TIME =3 YEARS NOW WE ARE CALCULATING= (P*R*T)/100

AND SOLUATION

=(100*3*3)/100=900/100=9 Rs

Compound amount

Compound amount =principal amount +simple interest

Example P=100 rupees S.I.=9 rupeesC.A.=100+9 =109 RUPEES

THANKS MOHIT KUMAR UPS CHAKWALIRAMPUR MANIHARAN, SRE