Now you have checked scores and start preparing for the Tier -II . we are going to provide Quant quizzes specifically for the mains exam .
Percentage wise distribution of Topics For Tier-II
→ The principal in case of S.I is always same at the beginning of every year.
→ The principal for C.I was increasing constantly. The interest earned each year was added on to the principal at the end of that year and the resultant was the principal for the next year.
S.I. in n year = Interest in 1 year × number of years.
= rn% of P
here you can also conclude that simple interest is an application of percentage.
out the annual installment that will discharge a debt of Rs. 12,900 due in 4
years at 5% per annum simple interest.