Quantitative Analysis

Study Notes and Chapters for Quantitative Analysis - Online Preparation for Bank Exams

Introduction

Quantitative Analysis requires a lot of practice and hardwork since its an analytical subject. Before becoming an expert one should understand the basics of Quantitative Analysis for Government Bank Job Exams for SBI, RBI, RRB and IBPS. This section gives you all details about the basics of Quantitative Analysis. Here you can get the Free Notes and PDF downloads for Quantitative Analysis to prepare for the Bank PO and Clerical Jobs in India. Our experts are available incase you need any kind of online help to understand any topic or any kind of doubt clearing

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Quantitative Aptitude Free-Study Notes

15. SIMPLE INTEREST

A. Principal: The money borrowed or lent out for a certain period is called the principal or the sum.

B. Interest: Extra money paid for using other's money is called interest.

C. Simple Interest (S.I.) : If the interest on a sum borrowed for a certain period is reckoned uniformly, then it is called simple interest.

Let Principal = P, Rate = R% per annum (p.a.) and Time = T years. Then,

(i) S.I. = (P*R*T ) / 100

(ii) P=(100*S.I) / (R*T) ;R=(100*S.I) / (P*T) and T=(100*S.I) / (P*R)


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