If rate of interest is r1% for first year, r2% for. Quantitative aptitude for competitive examinations free download. This pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. For example, the rate of interest is 10% per annum means the interest payable on rs 100 for one year is rs 10. Compound interest solved problems using compound interest shortcuts. The interest at which compound interest accumulates depends on the frequency of compounding. In simple interest, the total amount would be 0 and in compound interest, the total amount would be 31. Write a compound interest function to model the situation. If the simple interest for a certain sum for 2 yr at 5%pa is 200, then what will be the compound interest for same sum for same period and the same rate of interest. In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks. Learn about simple and compound interest investopedia. This is the duration for which money is lend borrowed. In easy words, it can be said as interest on interest. Compound interest shortcut tricks shortcut tricks are very important things in competitive exam.
The money borrowed or lent out for a certain period is called the principal or the sum. Subscribers of 2020 pdfs can now download march 2020 pdf from their account. Compound interest is the addition of interest to the principal sum of a loan or deposit. Simple interest and compound interest quant notes edurev. Simple and compound interest aptitude basics, practice questions, answers and explanations. Simple interest when a sum of money is borrowed for a. 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. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. 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. It makes a deposit or loan grow faster as compared to simple interest. If you know time management then everything will be easier for you. Compound interest t time in years r interest rate per year. It is money paid by borrower for using the lenders money for a specified period of time.
The sum lent is called the principal the sum of the principal and interest is called the amount. Compound interest shortcuts compound interest ci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. For example, 4000 dollars is deposited into a bank account and the annual interest rate is 8%. This course on simple interest and compound interest will cover all the theory and sample problems needed to master simple and compound interest for banking exams like ibps po, sbi po, ibps clerk, sbi clerk etc. 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. You can learn the shortcuts methods and formulas to solve questions based. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. Simple interest and compound interest problems and solutions pdf.
Simple interest problems and solutions for bank exams. Tips, formulae and shortcuts for simple interest and compound interest by cracku. Quantitative aptitude for competitive examinations free. Solving compound interest problems to solve compound interest problems, we need to take the given information at plug the information into the compound interest formula and solve for the missing variable. The addition of simple interest and principle is called the amount. Quantitative aptitudesimple and compound interest key. Interest is the fixed amount paid on borrowed money. Formulas for simple interest and compound interest problems. Simple interest and compound interest shortcuts with examples. Simple interest and compound interest tricks pdf bankexamstoday.
Simple interest and compound interest archives ibps guide. Lets go through some compound interest solved problems and learn how to use and implement compound interest shortcuts in actual problem solving. Compound interest is calculated based on the principal, interest rate, and the time period involved. There are understandable, simple solutions useful for rrb alp, group d and bank jobs. Simple and compound interest questions are merged with percentage concepts in exams so to solve simple and compound interest questions, knowledge of percentage concepts are extremely important. Jun 24, 2018 simple and compound interest questions are merged with percentage concepts in exams so to solve simple and compound interest questions, knowledge of percentage concepts are extremely important. The rate of interest is same for both compound interest and simple interest and it is compounded annually. Sici questions for sbi poclerk, rbi grade b, syndicate bank, bob, ippb. S imple interest and compound interest formula shortcuts pdf, s imple interest and compound interest formula with examples, compound interest questions pdf download, simple and compound interest worksheet pdf, simple interest and compound interest problems and. Simple interest and compound interest shortcut tricks shortcut tricks on simple interest and compound interest are one of the most important topics in exams. First of all let us discuss the traditional method of solving simple interest question using the formula given below. Simple interest and compound interest shortcut tricks. Jan 08, 2018 quantitative aptitude simple compound interest practice problem with solution.
Simple interest simple interest tricks simple interest. Mar 04, 2018 simple interest notes in hindi for ssc, simple interest questions and answers in hindi, simple interest and compound interest formula in hindi pdf, simple interest questions and answers pdf, compound interest tricks pdf, simple and compound interest in hindi. After three years he withdrew the principal amount plus interest and invested the entire amount in another scheme for two years, which earned him compound. Compound interest tricks learn compound interest with. Jan 24, 2020 this pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. Quantitative aptitude questions simple interest day37 march 12, 2018 quantitative aptitude questions simple interest and compound interest for sbi clerk 2018 day. By solving compound interest problems, you are become expert and used to solve problems based on compound interest formula. The interest for the first month is same in both simple interest and compound interest. S imple interest and compound interest formula shortcuts pdf, s imple interest and compound interest formula with examples, compound interest questions pdf download, simple and compound interest worksheet pdf, simple interest and compound interest.
Aptitude shortcuts and mind tricks to find simple interest and compound interest 1 free download as pdf file. Formulas for simple interest and compound interest. Simple interest compound interest problems with solutions pdf download. So the competitive level is goes on high every year.
Simple interest question and answers with easy solutions in aptitude topic are present here. 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. There are many competitive exams have come in recent years. It focuses on the concepts like simple interest, compound interest, difference between simple interest and compound interest etc. Candidates from over all india can apply for the exam. Simple interest topic plays an important role in ssc cgl examination and around two to three questions are frequently asked which generally range from being moderate to difficult. Simple interest and compound interest shortcut tricks compound interest the difference between the amount and the money borrowed is called the compound interest for given period of time. Interest is the extra money paid by the borrower to the owner lender as a form of compensation for the use of the money borrowed calculated on the basis of principle. The interest, typically expressed as a percentage, can be either simple or compounded. In this article, we shift our focus from concepts to compound interest tricks. This pdf is provided to make you the master of the topic.
Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest. Simple and compound interest problems with solutions pdf. 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. The above examples are just few types based on compound interest, there could be numerous others complex and difficult questions that could come in the cat exam. Exams like ibps, rrbs, rbi, ssc quantitative and aptitude will be awarded with 50 to 100 marks. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. In the first two articles for compound interest, we have covered the important concepts for this topic. Quantitative aptitude for competitive examinations. Extremely helpful to crack entrance exams like mba, banking. Oct 10, 2017 simple interest compound interest questions for ibps po, sbi po, niacl, nicl, lic, dena bank po pgdbf, boi, bank of baroda and other competitive exams.
Apr 05, 2020 interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan. The difference between the compound and simple interest for 3 years will be. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. Then find the balance after the given number of years. Apr 04, 2018 quantitative aptitude for competitive examinations. The ultimate course on simple interest and compound interest. Today i am going to share simple interest and compound interest tricks and shortcuts. Simple interest and compound interest basic concepts and. It also provides questions and answers, problems with solutions on simple and compound interest. Now, lets discuss the basic difference between simple interest and compound interest. Aptitude shortcuts and mind tricks to find simple interest and. Simple interest simple interest tricks simple interest and. If the difference between the compound interest and simple interest on a certain sum of money for 2.
In every competitive exam ibps bank exams, sbi clerks, ssc, insurance exams, quantitative aptitude section is important and some questions 1 or 2 problems will be asked from simple interest and compound interest, so learn some shortcuts in solving these type of problems. To help in your preparation we are providing you some useful formulas and shortcut methods so that you can quickly solve the questions in minimum amount of time. Here, on this page, we are providing some shortcuts for problem solving related to this formula through which you can get idea of solving and can. Simple interest and compound interest tricks youtube. Simple and compound interest problems with solutions pdf download. Problems on compound interest shortcuts for problem. Remember, till the time you actually solve questions using these tricks, you wont be able to memorize and understand them. Important formulas and short cuts on simple interest. Simple interest and compound interest cat formulas pdf scribd. Simple and compound interest tricks 1 governmentadda. Compound interest shortcut tricks math shortcut tricks.
Compound interest is very significant topic in todays world. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Compound interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. Simple interestcompound interest questions for ibps po, sbi po, niacl, nicl, lic, dena bank po pgdbf, boi, bank of baroda and other competitive exams. To find compound interest for two years, when simple interest is given.
The sum of the principal and interest is called the amount. The method used to solve the problem will depend on what we are trying to find. Simple interest simple interest tricks find amount. Compound interest shortcuts compound interestci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. Nov, 2019 find out the differences between simple and compound interest. In exam you could also find problems that involve both simple and compound interest. Apr 12, 2020 simple interest and compound interest quant notes edurev is made by best teachers of quant.
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