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# Important Formulae: Interests CAT Notes | EduRev

## Quant : Important Formulae: Interests CAT Notes | EduRev

The document Important Formulae: Interests CAT Notes | EduRev is a part of the Quant Course Quantitative Aptitude (Quant).
All you need of Quant at this link: Quant

• Amount = Principal + Interest
• Simple Interest = PNR/100
• Compound Interest = • Population formula P’ = • Depreciation formula = Initial Value x EduRev's Tip: SI and CI are same for a certain sum of money (P) at a certain rate (r) per annum for the first year. The difference after a period of two years is given by
⇒ Δ = PR2/1002

Growth and Growth Rates
Absolute Growth = Final Value – Initial Value
Growth rate for one year period  = SAGR or AAGR = CAGR = EduRev's Tip: If the time period is more than a year, CAGR < AAGR. This can be used for approximating the value of CAGR instead of calculating it.

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## Quantitative Aptitude (Quant)

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