Compound interest shortcut tricks in hindi, compound interest shortcuts for bank exams, compound interest problems for bank po, solved examples on compound interest, questions answers, compound interest quantitative aptitude problems and solutions, problem with solution, how to solve compound interest problems easily, how to solve compound. For example, say a student obtains a simple interest loan. Simple interest and compound interest tricks youtube. Simple interest is one of the easiest but tricky topic in aptitude. Understanding simple interest and compound interest thanks to all of you who support me on patreon. Interest that is earned on both the principal and any interest that has been earned previously.
Interest is defined as the cost of borrowing money or the rate paid on a deposit to. Short tricks of compound interest questions in hindi. Find the compound interest on 16000 in 2 years, while rate of interest at first year is 3% and for the second year is 4%. In exams we dont have time to calculate on paper with formulas. So, here in this article, you will find the basic differences between simple interest and compound interest, which we have. In this article, we pick up from where we left in the previous article and cover compound interest shortcuts that you can employ in exams. Download and learn this formulas pdf will help you, as the most of the questions from this topic can be directly solved from this formulas. The candidate should be memorized with the formals. May 03, 2019 simple interest tricky ebook pdf download. Compound interest aptitude compound interest questions. If you know time management then everything will be easier for you. Difference between simple interest and compound interest. Simple and compound interestsimple and compound interest.
Quantitative aptitudesimple and compound interest key. For example, say a student obtains a simpleinterest loan. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. We use the basic formula for calculating compound interest. Welcome to the lets study together online free pdf section. The candidates can look after the examples on books and guides. Solving simple interest problems, solving compound interest problems, solving continuously compounded. Here we are sharing the full notes of compound and simple interest along with the practice questions with full detailed solutions to grab you the concept well. The interest is added to the principal at the end of each period to arrive at the new principal for the next. Interest formulas mainly refer to the formulas of simple and compound interests. Your browser does not currently recognize any of the video formats available. At the end of two years he reinvests the principal amount plus interest earned in another scheme which earns him compound interest at the rate of 20p. Use the formulae for simple and compound interest given below to check your answers to the exercises on excel worksheets 1 and 2.
A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs. Simple and compound interest formulas are very important as every year significant number of questions are asked in the ibps po banking exam every year. Simple compound interest aptitude questions tricks formulas. Interest is the fixed amount paid on borrowed money. Simple interest is based on the principal amount of a loan or deposit, while compound interest is the interest that is added to the principal at the end of the each period to arrive at the new principal for the next period. Apr 11, 2017 compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched.
Jun 24, 2018 categories maths study material tags compound interest, mathprep, mathquestions, mathshortcuts, pdf, pdf download, simple interest, studymaterial, studynotes leave a comment post navigation official notice. While calculating compound interest, the simple interest which is calculated for the principal of first year will add to. Write a compound interest function to model the situation. Click here just go through this concepts and you will be going to understand simple and compound interest topic easily and answers will be on finger tips.
First of all let us discuss the traditional method of solving simple interest question using the formula given below. For condition 1, a sum of money becomes x times in a years. Compound interest question pdf for ssc, railway exam. Simple interest and compound interest tricks pdf bankexamstoday. Tips and tricks for all chapters topic wise pdf download. We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. Important short tricks to solve compound interest questions. To make the chapter easy for you all, we are providing you all some important short tricks to solve compound interest questions which will surely make the chapter easy for you all. Hi bankersdaily aspirants, aspirants,there are so many neophyte who are going to attempt the ibps exam first time.
The simple interest was never so simple in the books and now its our duty to provide you the solution for. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Cat aspirants are required to apply various formulas on simple interest and compound interest to solve various questions. The sum of the principal and interest is called the amount. The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce. We will discuss the concepts of compound interest in this article and we will also understand the approach to solve the questions based on this topic. Starting from basics to covering difficult concepts with theory and sample questions. Understanding simple interest and compound interest thanks to. When a person or bank lends money to a borrower, the borrower usually has to pay an extra amount of money to the lender. Compound interest tricks learn compound interest with.
The first is the guided notes that shows students the formula for compound interest. The simple interest on a certain sum of money for 212 years at 12% per annum is rs. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. Previous years questions asked in these exams including shortcuts and tricks to solve these questions.
Simple interest and compound interest for all competitive exams theory. Jun 08, 2018 2 rahul invested rs 35,500 in a scheme which earns him simple interest at the rate of 15p. Just click on the below button to view the shortcut method of each topic. A sum of money lent out at simple interest amounts to rs. Mar 04, 2018 sum of principal and interest and is denoted by a. Simple interest and compound interest formulas for cat pdf. The extra money paid by the borrower to the lender is. Simple interest and compound interest for ssc cgl and ssc chsl. Oct 03, 2019 we will discuss the concepts of compound interest in this article and we will also understand the approach to solve the questions based on this topic. Here in the learn series we are updating the shortcut method of each topic section wise.
Important for ssc cglchsl, ibps, sbi, cds and other bank exams. Aug 09, 2017 simple interest is one of the easiest but tricky topic in aptitude. This pdf of simple interest is helpful for your competitive exams like ibps po, rrb, clerk, sbi po, cat and your placement programs. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. Mar 10, 2015 simple compound interest problems tricks by dinesh miglani buying pendrive cat clat ssc 9215514435 duration. Simple interest simple interest tricks simple interest and. Simple interest and compound interest shortcut tricks pdf. Comparing simple interest and compound interest the following examples illustrate the difference between simple interest and compound interest. Simple interest and compound interest problems are very important in all entrance exams. Find the amount to be paid back on a loan of find the. Requesting you to refer below points before taking any ci test. I is one of the easiest topics in cat quantitative section.
Jun 06, 2017 simple and compound interest formulas are very important as every year significant number of questions are asked in the ibps po banking exam every year. Few examples on simple interest and compound interest shortcuts is given in this page below. Hi friends, in this post we are about to learn how to calculate simple interest and compound interest with some short tricks. This pdf is provided to make you the master of the topic. Apr 05, 2020 generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. The first example involves simple interest, whereas the second example involves compound interest. Click here just go through this trick and you will be going to understand simple and compound interest topic easily and can answer within 20 seconds.
It includes examples of interest compounding annually, semiannually, monthly, quarterly, daily, and continuously. Aug 11, 2017 simple interest and compound interest learn series. Simple interest and compound interest bank exams today. A 5 p1 1 rt where a represents the amount of money in the account at the end of the time period, p is the. The interest at which compound interest accumulates depends on the frequency of. Jul 20, 2017 sign in to like videos, comment, and subscribe. So, simple interest is the sum paid for using the borowed money, for a fixed period. Now, lets discuss the basic difference between simple interest and compound interest. Simple interest and compound interest shortcut tricks. When interest is calculated on the original principal for any length of time, it is called simple interest. Money borrowed by a borrower or the money lend by a lender is called the principal p. Formulas and derived formulas for solving particular problems.
Click here just go through this concepts and you will be going to understand simple and compound interest topic easily and answers will be. Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. The interest calculated every year on original principal, i. Maths tips simple interest, formulas, problems keralasarkar. Nov, 2019 find out the differences between simple and compound interest.
The time for which it is borrowed or lent is called time period t. On the other hand, whenever the interest becomes due for payment, it is added to the principal, on which interest for the succeeding period is reckoned, this is known as compound interest. Today i am sharing a pdf which contains basic concepts of one of the aptitude maths topic simple and compound interest. Jun 08, 2018 2 raj borrowed some money at the rate of 4p. It makes a deposit or loan grow faster as compared to simple interest. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. If ben leaves the money in the account for 12 years, how much interest will he earn. Find out the differences between simple and compound interest.
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