In the ICSE Class 8 Maths Chapter 9 you get to study the important concept of interest thats used widely in accounting applications. I only attempt to provide the conditions in which they can learn- Albert EinsteinFor more information of Class 6 Material. Robert has to pay 67200.
Derivation of Compound Interest Formula.
Formula For The Simple Interest. Simple Interest PRT100 We can also calculate the Principal amount as P 100Simple InterestRT. Solution-Given P 750. The formula to calculate the new rate of interest with respect to the conversion period is.