Click here just go through this concepts and you will be going to understand simple and compound interest topic easily and answers will be. The first example involves simple interest, whereas the second example involves compound interest. 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 sum of the principal and interest is called the amount. Cat aspirants are required to apply various formulas on simple interest and compound interest to solve various questions.
The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs. 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. 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. Simple interest and compound interest tricks pdf bankexamstoday. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. Interest that is earned on both the principal and any interest that has been earned previously. Interest formulas mainly refer to the formulas of simple and compound interests. Hi friends, in this post we are about to learn how to calculate simple interest and compound interest with some short tricks. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. The interest at which compound interest accumulates depends on the frequency of. Understanding simple interest and compound interest thanks to.
The time for which it is borrowed or lent is called time period t. The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce. Maths tips simple interest, formulas, problems keralasarkar. 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. Compound interest question pdf for ssc, railway exam. The candidates can look after the examples on books and guides. Simple interest and compound interest shortcut tricks pdf. Simple interest and compound interest bank exams today. Use the formulae for simple and compound interest given below to check your answers to the exercises on excel worksheets 1 and 2. It makes a deposit or loan grow faster as compared to simple interest.
Jun 14, 2015 hi friends, in this post we are about to learn how to calculate simple interest and compound interest with some short tricks. Mar 04, 2018 sum of principal and interest and is denoted by a. Jun 08, 2018 2 raj borrowed some money at the rate of 4p. The first is the guided notes that shows students the formula for compound interest. This pdf of simple interest is helpful for your competitive exams like ibps po, rrb, clerk, sbi po, cat and your placement programs. We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. So, simple interest is the sum paid for using the borowed money, for a fixed period. The interest calculated every year on original principal, i. Simple and compound interestsimple and compound interest. Nov, 2019 find out the differences between simple and compound interest. Difference between simple interest and compound interest.
It includes examples of interest compounding annually, semiannually, monthly, quarterly, daily, and continuously. 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. Problems in this topic needs more focus on percentage. In exams we dont have time to calculate on paper with formulas. Write a compound interest function to model the situation. 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. The extra money paid by the borrower to the lender is. Today i am sharing a pdf which contains basic concepts of one of the aptitude maths topic simple and compound interest. 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. Today i am going to share simple interest and compound interest tricks and shortcuts. 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. Interest is defined as the cost of borrowing money or the rate paid on a deposit to. Then find the balance after the given number of years. Money borrowed by a borrower or the money lend by a lender is called the principal p.
This pdf is provided to make you the master of the topic. When the rate % is not same for every year and interest is taken on yearly basis then amount can be calculated as. 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. Simple interest is one of the easiest but tricky topic in aptitude.
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. Tips and tricks for all chapters topic wise pdf download. A sum of money lent out at simple interest amounts to rs. A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs.
Requesting you to refer below points before taking any ci test. Simple interest simple interest tricks simple interest and. Solving simple interest problems, solving compound interest problems, solving continuously compounded. Simple interest and compound interest for all competitive exams theory. Download and learn this formulas pdf will help you, as the most of the questions from. The candidate should be memorized with the formals. Here in the learn series we are updating the shortcut method of each topic section wise.
Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. So, here in this article, you will find the basic differences between simple interest and compound interest, which we have. Previous years questions asked in these exams including shortcuts and tricks to solve these questions. Important for ssc cglchsl, ibps, sbi, cds and other bank exams. We have provvided useful formulae and hints for compound interest category. 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. Find the amount to be paid back on a loan of find the.
If you know time management then everything will be easier for you. Welcome to the lets study together online free pdf section. The simple interest was never so simple in the books and now its our duty to provide you the solution for. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. Simple interest and compound interest problems are very important in all entrance exams. 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. Compound interest tricks learn compound interest with. May 03, 2019 simple interest tricky ebook pdf download. Comparing simple interest and compound interest the following examples illustrate the difference between simple interest and compound interest. The extra money paid by the borrower to the lender is called the interest. Now, lets discuss the basic difference between simple interest and compound interest. Quantitative aptitudesimple and compound interest key. Simple interest and compound interest shortcut tricks. For example, say a student obtains a simpleinterest loan.
Your browser does not currently recognize any of the video formats available. Mar 10, 2015 simple compound interest problems tricks by dinesh miglani buying pendrive cat clat ssc 9215514435 duration. Important short tricks to solve compound interest questions. 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. Simple compound interest aptitude questions tricks formulas. Jul 20, 2017 sign in to like videos, comment, and subscribe. If ben leaves the money in the account for 12 years, how much interest will he earn. The interest is added to the principal at the end of each period to arrive at the new principal for the next. Simple interest and compound interest for ssc cgl and ssc chsl. Aug 11, 2017 simple interest and compound interest learn series.
The simple interest on a certain sum of money for 212 years at 12% per annum is rs. Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. 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. Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest.
For example, say a student obtains a simple interest loan. Simple interest and compound interest formulas for cat pdf. Starting from basics to covering difficult concepts with theory and sample questions. We use the basic formula for calculating compound interest. Hi bankersdaily aspirants, aspirants,there are so many neophyte who are going to attempt the ibps exam first time. I is one of the easiest topics in cat quantitative section. Objectives questions with tricks, method to find, to calculate, tricks pdf, tricks in hindi, tricks for cat, objectives formulas, objectives problems with solutions pdf. When a person or bank lends money to a borrower, the borrower usually has to pay an extra amount of money to the lender.
Short tricks of compound interest questions in hindi. Understanding simple interest and compound interest thanks to all of you who support me on patreon. First of all let us discuss the traditional method of solving simple interest question using the formula given below. 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. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. Find out the differences between simple and compound interest. When interest is calculated on the original principal for any length of time, it is called simple interest. 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. Formulas and derived formulas for solving particular problems.
While calculating compound interest, the simple interest which is calculated for the principal of first year will add to. Few examples on simple interest and compound interest shortcuts is given in this page below. Compound interest aptitude compound interest questions. For condition 1, a sum of money becomes x times in a years. Just click on the below button to view the shortcut method of each topic.
1433 1298 1561 788 898 1492 1479 1293 817 584 312 1359 1351 1437 1138 206 1500 234 685 850 206 1567 998 981 434 1246 688 952 866 1456 334 910 1125 1434 397 971