Discounts

 Discount   The discount is referred to the reduction in the price of some commodity or service. It may anywhere appear in the distribution channel in the form of modifications in marked price (printed on the item) or in retail price (set by retailer usually by pasting a sticker on the item) or in list price (quoted for the buyer). The discount … Read more

Pipe And Cistern

 Pipes and Cistern   Inlet: A pipe connected with a tank or a cistern or a reservoir, that fills it, is known as an inlet.   Outlet: A pipe connected with a tank or cistern or reservoir, emptying it, is known as an outlet.   If a pipe can fill a tank in x hours, … Read more

Banking

 Commercial mathematics Banking Banking can be defined literarily as the business activity of accepting and safeguarding money owned by individuals and entities and release of the money whenever the needs arise by the owner. It is the business of managing money and where money is involved everything must be carefully assessed, valued and … Read more

Relation Between Arc Radius And Angle

 Relation between arc radius and angle     Arc length   =   [radius • central angle (radians)] Arc length   =   circumference • [central angle (degrees) ÷ 360]     Proof of the trigonometric ratios of complementary allied angles Two acute angles are complementary to each other if their sum is equal to 90°. In … Read more

Computer Binary Digit System

 Computer Binary digit system The binary number system, also called the base-2 number system, is a method of representing numbers that counts by using combinations of only two numerals: zero (0) and one (1). Computers use the binary number system to manipulate and store all of their data including numbers, words, videos, graphics, … Read more

Time And Distance And Intrest

 Time and distance Relationship between speed, distance and time Speed = Distance / Time or Distance = Speed × Time Average Speed = 2xy / x+y where x km/hr is a speed for certain distance and y km/hr is a speed at for same distance covered. As we know, Speed = Distance/ Time. … Read more

Direction Test

 Direction test     Introduction: There are four main directions – East, West, North and South as shown below:         There are four cardinal directions – North-East (N-E), North-West (N-W), South-East (S-E), and South-West (S-W) as shown below:       Key points   At the time of sunrise if a man stands facing the east, his shadow will be towards … Read more

Calculation Of Interest On

 calculation of interest on/in savings account, fixed deposit account and recurring deposit account Saving account Interest rate calculation Formula  Daily interest = Amount (Daily balance) * Interest (3.5/100) / days in the year. Earlier method of interest rate calculation   Earlier, banks would pay interest at the rate of 3.5% p.a. on the … Read more

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