Comparing Quantities
- Compound interest: Amount at compound interest is given by \[A=P{{\left( 1+\frac{R}{100} \right)}^{n}}\], where,
A - Amount, P - Principal, R - Rate of interest, n - Time period.
(i) Compound interest = A - P
(ii) In case of depreciation (or) decay,
\[A=P{{\left( 1-\frac{R}{100} \right)}^{n}}\]
- If the rates of increase in population P are p%, q% and r% during 1st, 2nd and 3rd years respectively, then the population after 3 years =
\[=P\left( \frac{P}{100} \right)\left( 1+\frac{q}{100} \right)\left( 1+\frac{r}{100} \right)\].
- If principal = R.s P, rate = R% per annum and time = n years, then
(a) Amount after 'n' years (compounded annually) is
\[A=P{{\left( 1+\frac{R}{100} \right)}^{n}}\]
(b) Amount after 'n' years (compounded half-yearly) is
\[A=P{{\left( 1+\frac{R}{2\times 100} \right)}^{2n}}\]
where
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