there is time not given in the remember column of formulas and the time is required in the formula!!

there is time not given in the remember column of formulas and the time is required in the formula!! R%, then the above statement can be expressed as follows: p PR 1 = PO,'oofR 100 100 Now, if the amount is expressed as A, then A P + I PR Q Comparing Quantities 2. Amount = A -P 1+ CONCEPTS ONLINE TUITION TESTS 11:57 am REVISION 100 Remember: 1. Interest = 100 PR 100 100 Note that the above formulae are applicable only in cases where the money has to be returned after 1 year, i.e., the time period is 1 year. These formulae are not applicable if the time period is, say, 1 month, 2 months, 3 months, etc, or it is 2 years, 3 years, etc. Let us apply the above formulae in an example. What amount is to be paid at the end of one year for Rs 10000 at the rate of 10% p.a.? Principal P Rs 10000 TOPICS