IMA – TERM 1 – ACCOUNTS & STATISTICS

Sl Required Formula Explanation

No.
1 1 Simple 𝑃𝑇𝑅 P= Principal Amount
Interest = T=Time substituted in years
100 R=Rate of Interest
2 Sum(P+I)= 𝑃𝑇𝑅
P+
100 or
3 Principal 100 ∗ 𝐼
PTR (if R is substituted in
𝑇 ∗𝑅 decimals)
4 Rate 100 ∗ 𝐼
𝑃∗𝑇
5 Time 100∗𝐼
𝑃∗𝑅 (Note * time answer will be in
6 Principal from P= Sum/1+(R*T) years only)
Sum
7 Doubling of Period = 72/R R in decimals only (not %)
Principal Period in years only
Amount Rate = 72 / Period

𝒓
2 1 Amount
(sum) with
A = P *(1+ 𝒏)^n*t P= Principal Amount
t =Time substituted in years
Compound r =Rate of Interest
Interest = n = No of times in a year the
2 Principal = 𝐴𝑚𝑜𝑢𝑛𝑡 interest to be compounded
𝑟 ^𝒏∗𝒕
(1+ )
𝑛
3 1 Interest on Sum of daily products x r r = Rate of Interest
Daily Product 365 * 100 *Uniform formula irrespective of
Basis periodicity of application

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Manipal Academy of Banking – AS – 2017 - DVR