It also provides questions and answers, problems with solutions on simple and compound interest. You can learn the shortcuts methods and formulas to solve questions based. It is money paid by borrower for using the lenders money for a specified period of time. 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. Today i am going to share simple interest and compound interest tricks and shortcuts. Simple interest question and answers with easy solutions in aptitude topic are present here.
Simple and compound interest tricks 1 governmentadda. Simple and compound interest problems with solutions pdf download. In simple interest, the total amount would be 0 and in compound interest, the total amount would be 31. Quantitative aptitude for competitive examinations free download. Learn about simple and compound interest investopedia.
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. Quantitative aptitudesimple and compound interest key. In easy words, it can be said as interest on interest. Simple interest and compound interest shortcuts with examples. Candidates from over all india can apply for the exam. 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. Quantitative aptitude questions simple interest day37 march 12, 2018 quantitative aptitude questions simple interest and compound interest for sbi clerk 2018 day. Compound interest is very significant topic in todays world.
Formulas for simple interest and compound interest. Download and learn this formulas pdf will help you, as the most of the questions from. 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. 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. If the difference between the compound interest and simple interest on a certain sum of money for 2. Simple interest problems and solutions for bank exams. To find compound interest for two years, when simple interest is given. 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. Compound interest shortcut tricks shortcut tricks are very important things in competitive exam. Interest is the fixed amount paid on borrowed money.
Now, lets discuss the basic difference between simple interest and compound interest. 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. Simple and compound interest problems with solutions pdf. Apr 05, 2020 interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan. The method used to solve the problem will depend on what we are trying to find. The sum lent is called the principal the sum of the principal and interest is called the amount.
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. This pdf is provided to make you the master of the topic. Simple interest and compound interest cat formulas pdf scribd. Simple interest and compound interest shortcut tricks shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Simple and compound interest formulae, concepts and shortcuts. The money borrowed or lent out for a certain period is called the principal or the sum.
Lets go through some compound interest solved problems and learn how to use and implement compound interest shortcuts in actual problem solving. Apr 12, 2020 simple interest and compound interest quant notes edurev is made by best teachers of quant. Extremely helpful to crack entrance exams like mba, banking. Simple interest and compound interest tricks pdf bankexamstoday. If you know time management then everything will be easier for you. Sici questions for sbi poclerk, rbi grade b, syndicate bank, bob, ippb. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams.
The sum of the principal and interest is called the amount. The focus of this article is purely to explore different compound interest tricks, shortcuts and results that can be used to solve problems quickly. The interest, typically expressed as a percentage, can be either simple or compounded. It makes a deposit or loan grow faster as compared to simple interest. In the first two articles for compound interest, we have covered the important concepts for this topic. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Simple interest and compound interest problems and. In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks.
Tips, formulae and shortcuts for simple interest and compound interest by cracku. Simple interest when a sum of money is borrowed for a. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. Aptitude shortcuts and mind tricks to find simple interest and compound interest 1 free download as pdf file. 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.
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. 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. 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. Simple interest simple interest tricks simple interest. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. It focuses on the concepts like simple interest, compound interest, difference between simple interest and compound interest etc. Compound interest shortcut tricks math shortcut tricks. Important formulas and short cuts on simple interest. So the competitive level is goes on high every year. Jan 08, 2018 quantitative aptitude simple compound interest practice problem with solution. The rate of interest is same for both compound interest and simple interest and it is compounded annually. Simple interest compound interest problems with solutions pdf download. Simple interest and compound interest shortcut tricks pdf. Simple interest and compound interest problems and solutions pdf.
Subscribers of 2020 pdfs can now download march 2020 pdf from their account. Aptitude shortcuts and mind tricks to find simple interest and. Compound interest shortcuts compound interest ci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. If rate of interest is r1% for first year, r2% for. Exams like ibps, rrbs, rbi, ssc quantitative and aptitude will be awarded with 50 to 100 marks. 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. Problems on compound interest shortcuts for problem. The interest for the first month is same in both simple interest and compound interest. 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. This fixed period may be a year, six months, three months or a month and correspondingly the rate of interest is charged annually, half yearly, quarterly or monthly. There are many competitive exams have come in recent years.
In this article, we shift our focus from concepts to compound interest tricks. The ultimate course on simple interest and compound interest. Compound interest shortcuts compound interestci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. Formulas for simple interest and compound interest problems.
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. Nov, 2019 find out the differences between simple and compound interest. The difference between the compound and simple interest for 3 years will be. Simple interest and compound interest problems shortcuts. Remember, till the time you actually solve questions using these tricks, you wont be able to memorize and understand them. This pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. This is the duration for which money is lend borrowed. Then find the balance after the given number of years. Compound interest tricks learn compound interest with. By solving compound interest problems, you are become expert and used to solve problems based on compound interest formula. Simple and compound interest aptitude basics, practice questions, answers and explanations. Simple interestcompound interest questions for ibps po, sbi po, niacl, nicl, lic, dena bank po pgdbf, boi, bank of baroda and other competitive exams. Simple interest and compound interest shortcut tricks. Simple interest and compound interest quant notes edurev.
Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest. First of all let us discuss the traditional method of solving simple interest question using the formula given below. Simple interest and compound interest basic concepts and. 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. Apr 04, 2018 quantitative aptitude for competitive examinations. Simple interest and compound interest tricks youtube. Compound interest t time in years r interest rate per year. 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. Quantitative aptitude for competitive examinations free. 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. 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. 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. The compound interest formula is used to solve financial problems related to price or numbers.
Simple interest and compound interest archives ibps guide. In exam you could also find problems that involve both simple and compound interest. Quantitative aptitude for competitive examinations. Compound interest is the addition of interest to the principal sum of a loan or deposit. 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. 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. Mostly all the competitive exams have some regular topics such as general intelligence and reasoning,quantitative aptitude, and general knowledge. For example, 4000 dollars is deposited into a bank account and the annual interest rate is 8%. 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 addition of simple interest and principle is called the amount. Problems in this topic needs more focus on percentage. Simple interest simple interest tricks find amount. Simple interest simple interest tricks simple interest and. Compound interest is calculated based on the principal, interest rate, and the time period involved.
Write a compound interest function to model the situation. The interest at which compound interest accumulates depends on the frequency of compounding. There are understandable, simple solutions useful for rrb alp, group d and bank jobs. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. 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. Compound interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. Bank c keeps your money at compound interest and offers you 5% interest. The sum lent is called the principal the sum of the principal and.
279 1244 998 1062 1581 1285 464 1080 757 473 1183 179 975 665 429 556 1266 789 1099 1085 519 911 686 662 1537 1255 1060 1365 519 1200 1036 339 1171 1154 972 965 991