This class is for 5th standard student.
Student will be able to learn Simple Interest in this class.
Student needs to take notebook and pen in this class.
This is the course about knowing the Interest .
Sometime we have taken money from anyone or any bank or any other department ...and pay some extra money when we return the money we have taken before.. those extra money are called Interest.
The extra money we give the other person is for certain time and for certain year this is called the Interest.
In this chapter we know about principal amount which is the money we have. The time taken by other for returning money and the rate of interest .
The formula of SI is
S.I=P×R×T/100
Where S.I is simple interest, P is the principal amount, R is the rate of interest, T is the time period.
So in this way student will be able to learn about the Simple Interest.