Introduction

Quantitative Analysis requires a lot of practice and hardwork since its an analytical subject. Before becoming an expert one should understand the basics of Quantitative Analysis for Government Bank Job Exams for SBI, RBI, RRB and IBPS. This section gives you all details about the basics of Quantitative Analysis. Here you can get the Free Notes and PDF downloads for Quantitative Analysis to prepare for the Bank PO and Clerical Jobs in India. Our experts are available incase you need any kind of online help to understand any topic or any kind of doubt clearing

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What you will learn

Our Main goal is to make Quantitative Analysis easy for every student to understand. In this section you will learn :

• Quantitative Analysis indepth Knowledge
• Improve your skills in Quantitative Analysis
• Mastery to understand Quantitative Analysis
• Became an exeprt in limited time

15. SIMPLE INTEREST

A. Principal: The money borrowed or lent out for a certain period is called the principal or the sum.

B. Interest: Extra money paid for using other's money is called interest.

C. Simple Interest (S.I.) : If the interest on a sum borrowed for a certain period is reckoned uniformly, then it is called simple interest.

Let Principal = P, Rate = R% per annum (p.a.) and Time = T years. Then,

(i) S.I. = (P*R*T ) / 100

(ii) P=(100*S.I) / (R*T) ;R=(100*S.I) / (P*T) and T=(100*S.I) / (P*R)

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