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Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT

Document Description: Important Formulae: Interests for CAT 2022 is part of Quantitative Aptitude (Quant) preparation. The notes and questions for Important Formulae: Interests have been prepared according to the CAT exam syllabus. Information about Important Formulae: Interests covers topics like and Important Formulae: Interests Example, for CAT 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Important Formulae: Interests.

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  • Amount = Principal + Interest
  • Simple Interest = PNR/100
  • Compound Interest = Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT
  • Population formula P’ = Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT
  • Depreciation formula = Initial Value x Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT
    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  =Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT
SAGR or AAGR =Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT
CAGR = Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT
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.

The document Important Formulae: Interests Notes | Study Quantitative Aptitude (Quant) - CAT is a part of the CAT Course Quantitative Aptitude (Quant).
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