Percentage , Simple Interest , Compound Interest 8 Flashcards
If an amount becomes N times in T years then -
It becomes N raised to 2 in 2T yrs
It becomes N raised to x in xT years
If T = 2 yrs then
SI - CI = P ( R/100 )sq
VAT
Value added tax
VAT =
Tax charged - tax paid
Recurring Deposit Account (R.D. Account) ?
A specific amount is determined by the depositor , which would be paid every month for a fixed period of time. At the end of the fixed time , a huge sum is given to the depositor (called Maturity value). The deposit is compounded quarterly at a fixed rate.
Computing total interest and total sum deposited in a recurring deposit
I = P x n(n+1)/2 x 12 x r/100
Total sum deposited = P x n
1/6 in %
16.66 %
1/7 in %
14.28 %
1/9 in %
11.11 %
1/11 in %
9.09 %
1/12 in %
8.33 %
1/13 in %
7.69 %
1/14 in %
7.14 %
1/15 in %
6.66%
1/17 in %
5.88 %
1/18 in %
5.55 %
1/23 in %
4.34 %
If a : b : : c : d ; then the fourth proportional to a,b,c is
d
Continued proportion
a : b : : c : d
If a : b : : b : c ; then c is the ……. to a and b
Third proportional
Compounded ratio of (a : b) , (c : d) , (e : f) is
(ace : bdf)