MATHS BACK ON TRACK

Put

Save

the

Children

&

MATHEMATICS!
TN Textbook

Formula Factory
A Genuine

REFORM
Long

Overdue

Prof. M A Thiruthuvadoss
Cell: 9445204774
http://www.magicmaths.org
for Excellence in Mathematics

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

The 9-member (Text-Book) Committee of Tamilnadu
that prepared the above text-book has really done
A great service to the entire humanity.
They have successfully invented/identified 38 Rules and Formulae.
So that VIII Standard children may easily and instantly calculate
C.P., S.P., M.P., L.P.,
PROFIT/GAIN, LOSS, PROFIT/GAIN PERCENTAGE, LOSS PERCENTAGE,
SIMPLE INTEREST,
COMPOUND INTEREST FOR FRACTIONAL PERIODS LIKE 3 YEARS
(INTEREST BEING COMPOUNDED HALF-YEARLY) ETC. ETC.
By Mugging up these 38 results
The children will get All the Life skills needed and
live happily for the rest of their lives.
What a mighty contribution to Society & Mathemataics

38
Formulae
to

Our ELDERS who were not that smart after all,

used only 2 formulae namely

Simple interest =

THANK YOU
for these

MEMORISE

Pnr
100

Compound Interest

Amount at the end of nth year is A = P 1

100

Chapter 3: Life Mathematics

Percentage, Application to Profit, Loss, Interest
2

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

3.2 Revision: Profit, Loss and Simple Interest

Pages 95 - 96

RESULTS ON PROFIT, LOSS AND SIMPLE INTEREST

(i)
(ii)

Profit or Gain =
Loss =

(iii)

Profit % =

Pr ofit
x 100
C.P.

(iv)

Loss % =

Loss
x 100
C.P.

(v)

Simple Interest (I) =

(vi)

Amount =

Selling price Cost price

Cost price Selling price

Principal x Time x Rate

Pnr
=
100
100
Principal + Interest

8
Formulae
on this page
to

Example 3.5
... ... ...

MEMORISE

Remember
Percentage of increase =

Increase in amount
x 100
Original Amount

Percentage of decrease =

Decrease in amount
x 100
Original Amount

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

3.3.2 Application of Profit and Loss
(i)

Pages 99 - 100

Illustration of the formula for S.P.

Consider the ... ...
S.P. =

C.P. + Profit

... ... ...

Selling price (S.P.) =

(100 + Profit %)
x C.P.
100

(ii) Illustration of the formula for S.P.

Consider the ... ...
We know
... ... ...

S.P. =

C.P. + Profit

C.P. =

100
x S.P.
(100 + Profit %)

+8
Formulae
on this page
to

We now summarize the formulae to calculate S.P. and C.P. as follows:

1. When there is profit

(i) C.P. =

100
x S.P.
(100 + Profit %)

2. When there is profit

(ii) S.P. =

(100 - Loss %)
x C.P.
100

MEMORISE

1. When there is a loss

(i) C.P. =

100
x S.P.
(100 - Loss %)

2. When there is a loss

(ii) S.P. =

(100 - Loss %)
x C.P.
100

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

3.3.4 Application of Discounts

Pages 105-108

Discount is the reduction on the Marked Price or List Price of the article.
The normal pricr attached to the article before the discount
made is called as Marked Price (M.P.) or List Price of the article.
... ... ...
Hence we conclude the following:
Discount
Selling Price
Marked Price

= Marked Price Selling Price

= Marked Price Discount
= Selling Price + Discount

Example 3.13

+4

[After a tedious solution, a formula-method is offered as a better option. - Prof. Doss]

M.P.

100
x S.P.
(100 - Discount %)

Formulae
on this page
to

Example 3.14
[After a tedious solution, a formula-method is offered as a better option. - Prof. Doss]

M.P.

MEMORISE

100 + Gain%
x C.P.
(100 - Discount %)

Example 3.15
[After a tedious solution, a formula-method is offered as a better option. - Prof. Doss]

C.P.

(100 - Discount %)
x M.P.
100 + Gain%

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

3.3.5 Application of Tax
... ... ...
Calculation of Sales Tax

Pages 109-116

Amount of Sales Tax

Rate of Sales Tax

x Cost of the item
100

Rate of Sales Tax

Amount of Sales Tax

x 100
Cost of the item

Bill Amount

= Cost of the item + Amount of Sales Tax

3.4 Compound Interest

... ... ...
Simple interest

Pxnxr
100

Formulae

Compound Interest

Amount at the end of nth year is A = P 1

100

+7

on this page
to

C.I. at the end of n yeas is given by A P

n

(i.e.) C.I. = P 1
P
100

MEMORISE

To Compute Compound Interest

Case 1: Compunded Annually
n

Here

A = P 1
and C.I. = A P
100

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

Compound Interest
Page 117
Case 2: Compunded Half-Yearly (Semi-Annually)
When the interest is compounded Half-Yearly, there are two conversion
periods in a year each after 6 months. In such sitations, the Half-Yearly rate
r
will be half of the annual rate, that is .
2

In this case,

1 r
A = P 1

2 100

2n

and C.I. = A P

Case 3: Compunded Quarterly

When the interest is compounded quarterly, there are four conversion
r
periods in a year and quarterly rate will be one-fourth of the annual rate,
4

In this case,

1 r
A = P 1

4 100

Formulae
on this page

4n

and C.I. = A P

Case 4: Compunded when time being fraction of a year

When interest is compounded annually but ime being a fraction.
In this case, when interest is compounded annually but time being a fraction
of a year, say 5

+4
to

MEMORISE

1
years, ten amount A is given by
4

A = P 1

100
for 5 years

1 r
1 4 100 and C.I. = A P

for

1
year
4

Formula Factory (TAMILNADU STATE BOARD TEXT-BOOK STD VIII - 2011-12)

3.5 Difference between Simple Interest and Compound Interest
When P is the Principal, n = 2 years and r is the Rate of interest,

r
Difference betweeen C.I. and S.I. for 2 years = P

100

Pages 120

3.5.1 Appreciation and Depreciation

a) Appreciation

A = P 1

100

b) Depreciation

A = P 1

100

3.6 Fixed Deposits and Recurring Deposits

To find the formula for calculating interest and the maturity amount for R.D:
Let r% be the rate of interest paid and P be the monthly instalment paid for n monthsl
Interest =

Total Amount due at maturit is

A =

1 n(n 1)
PNr
, where N =
years
12 2
100
Pn +

PNr
100

3.6.1 Hire Purchase and Instalments

Equated Monthly Instalmen (E.M.I.)
E.M.I. =

Principal + Interest
Number of months

Monthly Instalment =

Total amount
Number of months

+7
Formulae
on this page
to

MEMORISE

Example 3.5 ... ... ...