UPSC Exam  >  UPSC Notes  >  CSAT Preparation  >  Important Formulae: Interests

Important Formulae: Interests | CSAT Preparation - UPSC PDF Download

  • Amount = Principal + Interest
  • Simple Interest = PNR/100
  • Compound Interest = Important Formulae: Interests | CSAT Preparation - UPSC
  • Population formula P’ = Important Formulae: Interests | CSAT Preparation - UPSC
  • Depreciation formula = Initial Value x Important Formulae: Interests | CSAT Preparation - UPSC
    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

Important Formulae: Interests | CSAT Preparation - UPSC

Growth and Growth Rates
Absolute Growth = Final Value – Initial Value
Growth rate for one year period  =Important Formulae: Interests | CSAT Preparation - UPSC
SAGR or AAGR =Important Formulae: Interests | CSAT Preparation - UPSC
CAGR = Important Formulae: Interests | CSAT Preparation - UPSC
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 | CSAT Preparation - UPSC is a part of the UPSC Course CSAT Preparation.
All you need of UPSC at this link: UPSC
207 videos|156 docs|192 tests

FAQs on Important Formulae: Interests - CSAT Preparation - UPSC

1. What is the formula to calculate simple interest?
Ans. The formula to calculate simple interest is: I = P * R * T / 100, where I is the interest, P is the principal amount, R is the rate of interest, and T is the time period.
2. How do you calculate compound interest?
Ans. Compound interest can be calculated using the formula: A = P * (1 + R/100)^T, where A is the final amount, P is the principal amount, R is the rate of interest, and T is the time period.
3. What is the difference between simple interest and compound interest?
Ans. Simple interest is calculated only on the principal amount, while compound interest is calculated on both the principal amount and the accumulated interest over time. Compound interest leads to higher returns compared to simple interest.
4. How do you calculate the rate of interest?
Ans. The rate of interest can be calculated using the formula: R = (I * 100) / (P * T), where R is the rate of interest, I is the interest, P is the principal amount, and T is the time period.
5. What is the formula for calculating the total amount with compound interest?
Ans. The formula to calculate the total amount with compound interest is: A = P * (1 + R/100)^T, where A is the final amount, P is the principal amount, R is the rate of interest, and T is the time period.
207 videos|156 docs|192 tests
Download as PDF
Explore Courses for UPSC exam

How to Prepare for UPSC

Read our guide to prepare for UPSC which is created by Toppers & the best Teachers
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Download the FREE EduRev App
Track your progress, build streaks, highlight & save important lessons and more!
Related Searches

video lectures

,

shortcuts and tricks

,

Important questions

,

Extra Questions

,

mock tests for examination

,

Sample Paper

,

Exam

,

Objective type Questions

,

pdf

,

Viva Questions

,

ppt

,

Important Formulae: Interests | CSAT Preparation - UPSC

,

past year papers

,

Summary

,

Important Formulae: Interests | CSAT Preparation - UPSC

,

MCQs

,

practice quizzes

,

Previous Year Questions with Solutions

,

study material

,

Important Formulae: Interests | CSAT Preparation - UPSC

,

Semester Notes

,

Free

;