1
00:00:10,000 --> 00:00:11,000
Hello, friends.

2
00:00:11,000 --> 00:00:19,000
Today we discuss how to find out the simple interest using formula node.

3
00:00:19,000 --> 00:00:20,000
So just.

4
00:00:21,000 --> 00:00:22,000
Go to structures.

5
00:00:23,000 --> 00:00:25,000
Over here we have formula node.

6
00:00:26,000 --> 00:00:27,000
Just drag and drop.

7
00:00:29,000 --> 00:00:34,000
So in the formula of simple interest, I just need.

8
00:00:37,000 --> 00:00:38,000
Some output.

9
00:00:38,000 --> 00:00:40,000
That is my simple interest.

10
00:00:40,000 --> 00:00:41,000
That is equal to.

11
00:00:43,000 --> 00:00:43,000
Principal.

12
00:00:44,000 --> 00:00:45,000
Into.

13
00:00:46,000 --> 00:00:53,000
Rate of interest into time and the complete is divided by 100.

14
00:00:53,000 --> 00:00:58,000
This is my formula of simple interest.

15
00:00:59,000 --> 00:00:59,000
Okay.

16
00:01:00,000 --> 00:01:07,000
And in the formula node it is required that you have to put colon at last.

17
00:01:07,000 --> 00:01:12,000
So I just add input over here.

18
00:01:12,000 --> 00:01:14,000
So my input is P.

19
00:01:14,000 --> 00:01:24,000
That is principal input is my ah, that is my rate of interest and the input is my T, that is my time

20
00:01:25,000 --> 00:01:26,000
and the output is my.

21
00:01:28,000 --> 00:01:35,000
AC So you have to just put the same expression inside these variables.

22
00:01:37,000 --> 00:01:41,000
The variable may be input variable or the output variable.

23
00:01:41,000 --> 00:01:43,000
So just create control over here.

24
00:01:44,000 --> 00:01:45,000
Create control over here.

25
00:01:46,000 --> 00:01:48,000
Create control over here.

26
00:01:48,000 --> 00:01:52,000
So this is my T, This is my P.

27
00:01:55,000 --> 00:01:57,000
And this is my rate of interest.

28
00:01:58,000 --> 00:01:58,000
Ah, okay.

29
00:01:59,000 --> 00:02:02,000
So now over here.

30
00:02:02,000 --> 00:02:05,000
This is my indicator.

31
00:02:06,000 --> 00:02:08,000
That is my simple interest.

32
00:02:09,000 --> 00:02:09,000
I just put.

33
00:02:11,000 --> 00:02:12,000
Simple interest over here.

34
00:02:13,000 --> 00:02:18,000
So this is how you can find out the simple interest.

35
00:02:18,000 --> 00:02:29,000
So just put let's say input is my P is my 1000, rate of interest is 10% and the time is, let's say

36
00:02:29,000 --> 00:02:29,000
one.

37
00:02:29,000 --> 00:02:33,000
So just change the size.

38
00:02:35,000 --> 00:02:36,000
So over here.

39
00:02:38,000 --> 00:02:44,000
As you see when you hit on run button, it will give you 100.

40
00:02:44,000 --> 00:02:47,000
As you see, my simple interest is 100.

41
00:02:47,000 --> 00:02:57,000
And if you want to find out the total amount, also the amount is equal to principal plus simple interest.

42
00:02:57,000 --> 00:03:02,000
Okay, so now over here you got the output.

43
00:03:02,000 --> 00:03:06,000
That is my A and that is equal to.

44
00:03:08,000 --> 00:03:09,000
That is my amount.

45
00:03:10,000 --> 00:03:10,000
Or here.

46
00:03:10,000 --> 00:03:11,000
This is my amount.

47
00:03:11,000 --> 00:03:16,000
In this case, my amount is 1100.

48
00:03:16,000 --> 00:03:23,000
So as you see over here, we have Broken Arrow because we didn't put any semicolon over here.

49
00:03:23,000 --> 00:03:24,000
When you put semicolon over here.

50
00:03:25,000 --> 00:03:26,000
Over here.

51
00:03:26,000 --> 00:03:28,000
It will resolve my broken arrow.

52
00:03:28,000 --> 00:03:36,000
So when I hit on run button, as you see, this is my amount on this principle for a particular rate

53
00:03:36,000 --> 00:03:38,000
of interest for a particular time.

54
00:03:38,000 --> 00:03:43,000
So if you want to change the time, let's say it is two year.

55
00:03:45,000 --> 00:03:47,000
The 45 year.

56
00:03:47,000 --> 00:03:49,000
Six year, seven year, eight year.

57
00:03:50,000 --> 00:03:58,000
If you want to find out the time in how many time for the same particular rate of interest, the amount

58
00:03:58,000 --> 00:04:00,000
should be double itself.

59
00:04:00,000 --> 00:04:09,000
So as you see in ten years, the amount is doubled for a rate of 10% interest.

60
00:04:10,000 --> 00:04:12,000
Okay, simple interest.

61
00:04:12,000 --> 00:04:17,000
So this is how you can find out the simple interest using formula node.

62
00:04:17,000 --> 00:04:17,000
Thank you.