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Thursday, 26 April 2018

Formula for Compound Interest, Population Growth and Depreciation

Compound Interest 

If Principal =P, Compound Amount = CA, Rate of interest =R, Time= T and Compound Interest Interest= CI then,

 If Interest is calculated annually;
1. CA=P(1+R/100)T
      [ Interest is being calculated annually]
2. CI= P[(1+R/100)T-1]
 If Interest is calculated Semi-annually
3. CA=P[(1+R/200)2T]
4. CI= P[(1+R/200)2T-1]

If Time is given In T years and M months then,
5.CA=P(1+R/100)T(1+MR/1200)
6.CI=P[(1+R/100)T(1+MR/1200)-1]

Special cases
7. CI= CA-P
8. P=CA-CI
9. CA= P+CI


Population Growth

If Initial population = P, Final population/Population after T years= PT Rate of growth  =R, and Time = T then,

1.PT  = P(1+R/100)T
2.PT  = P(1+R1/100)(1+R2/100)(1+R3/100) if growth rate is R1%, R2% and R3% respectively given for the first, second and third year respectively.
3. Population growth rate= Birth rate - Death rate.
4. PT  = P(1+R/200)^T- Min-Mout  where Min and Mout are in migration and out migration respectively.


Depreciation

If Initial value = P, Value after T years= DT Rate of depreciation =R, and Time = T then,
1.DT  P(1R/100)T
2.DT  = P(1-R1/100)(1-R2/100)(1-R3/100) if depreciation rate is R1%, R2% and R3% respectively given for the first, second and third year respectively.
3. Amount of depreciation= Initial value- Price after depreciation.


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