Important Formulae: Interests CAT Notes | EduRev

Quantitative Aptitude (Quant)

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 = Important Formulae: Interests CAT Notes | EduRev
  • Population formula P’ = Important Formulae: Interests CAT Notes | EduRev
  • Depreciation formula = Initial Value x Important Formulae: Interests CAT Notes | EduRev
    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 CAT Notes | EduRev
SAGR or AAGR =Important Formulae: Interests CAT Notes | EduRev
CAGR = Important Formulae: Interests CAT Notes | EduRev
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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