Simple Interest-Chapter 13-Class 7 Maths Solutions

Let us understand few more definitions:-

Principal– The money borrowed by a borrower from a lender is known as the principal or sum.
Interest-The additional money paid by the borrower to the lender for having used his money is called the interest. The interest is paid according to an agreement between the borrower and the lender.
Amount-The total money which the borrower pays back to the lender at the end of the specified period is called the amount.

Amount=Principal + interest

A=P+I

Where A=amount

P=Principal

I=interest

Simple interest

The additional money paid by the borrower to the lender for having used his money is called the interest.

The interest is calculated uniformly on the original principal throughout the loan period it is called simple interest.

In calculating the numbers of days, we do not consider the day on which the money is deposited but the withdrawal date is counted.

Continue chapter and solutions click Simple Interest

Find out questions for practice, sample papers, and NCERT Solutions of 7th Class Maths, click Class 7 for details.

Comments

Lessons-Worksheets-Question Papers-CBSE Class 2 English

Lessons-Worksheets-Question Papers-CBSE Class 2 English CBSE 2nd Class English – One and Many In this blog, we share the spelling rules used in the concept of One and Many. When there is only one of a naming word (noun), it is said to be a singular noun . When a noun shows more than one, it is said to be in the plural . We can add –S, -es, -ves or ies to show that there is more than one noun. For example, we say many birds, four biscuits, six brushes. But for the students of Class 2 , it’s very difficult and confusing to understand where to use s , es, ves or ies in the form of many. Don’t worry, it looks difficult, but it is very easy as in grammar each concept has a set of rules that need to practice. Noun ending with –s, -x, -o, -sh, -ch, and –ss form plurals by taking –es. Look at these pairs of words: Bus – Buses Brush – Brushes Continue ..... Click here ...

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne...

Class 3 English Practice Grammar Worksheet -The Adverb

Class 3 English Practice Grammar Worksheet -The Adverb Class 3 English – The Adverb – Kinds of Adverb Fill in the blanks with suitable Adverbs of place. Choose from the box. Up outside everywhere back down away here there ...

Takshila Learning - Online Tutorials

Search This Blog