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After a definite period of time the inte...

After a definite period of time the interest acquired is added to the principal to get the new principal. For the definite period of time, if the interest is calculated on the new principal, then the interest is called………. Interests.

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compound
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Knowledge Check

  • Simple interest on a certain amount is 9/16 of the principal . If the rate of interest is equal to the time , then for which period the principal is lent out is

    A
    `5 1/2 ` yrs
    B
    `6 1/2 ` yrs
    C
    `7 1/2 ` yrs
    D
    `8 1/2 ` yrs

  • Interest of principal Rs. p on n years at the rate of r% compound interest per annum when interests are calculate m times per year =

    A
    `Rs.p(1+(r/m)/100)^(mn)`
    B
    `Rs. P(1+(r/m)/100)^(n)`
    C
    `Rs. P(1+(r/m)/100)^(m)`
    D
    `Rs . P(1+(rm)/100)^(mn)`

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    If the total interest of a principal in 6 years be 30% of the principal , then the total interest will be equal to the principal in

    If a principal becomes twice of it in 10 years then the rate of simple interest is ______

    The interest given or received for a certain period of time on certain amount of principal is called "Total interest".

    Write True or False The principal is inversely proportional to the rate of interest if time and total interest remain unchanged.

    If the ratio of principal and annual interest is 4:1, then rate of interest is

    In the case of compound interest the principal does not change.

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