If you want to get Compound Interest Formulas then click here
Simple interest questions are very important questions and asked in all types of exams whether it is competitive exams or entrance exams or qualifying exams. From lower class to higher degree classes, simple interest problems are more important for every person to know. However, not every person is familiar with all formulas of simple interest. So I decided to put on all types of shortcut formulas of simple interest.
A sum of money gets doubled at 12% per annum. Then find the time?
= 25/3 years
a person borrows x $ say $ 5000 for t years say 2 years at r1% say 4% per annum on simple interest. He uses his smartness and lends it to another person at bigger rate r2 % say 6.25% per annum for the same time. then his total gain in this transaction will be
= $ 225