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SIMPLE INTEREST -IMPORTANT FORMULA

March 14, 2019 MADHAVAKRISHNA ACADEMY 0

Principal: The money borrowed or lent out for a certain period is called the principal of the sum. Interest: Extra money paid for using other’s money is called interest. Simple Interest (S.I.): If the interest on a sum borrowed for a certain period is reckoned uniformly, then it is called […]

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PARTNERSHIP -> IMPORTANT FACTS AND FORMULA

March 14, 2019 MADHAVAKRISHNA ACADEMY 0

I. Partnership: When two or more than two persons run a business jointly, they are called partners and the deal is known as partnership. II. Ratio of Division of Gains: (i) When investments of all the partners are for the same time, the gain or loss is distributed among the […]