Simple interest and compound interest shortcut tricks. Compound interest is very significant topic in todays world. Apr 04, 2018 quantitative aptitude for competitive examinations. Compound interest tricks in hindi, compound interest questions in hindi. Quantitative aptitude for competitive examinations free download. Simple interest and compound interest archives ibps guide. Various applications and formulas based on this concept are explained here. Pdf format simple interest and compound interest questions math tricks pdf student. Simple interest simple interest tricks simple interest. Download simple interest questions for ssc cgl pdf with solutions. The ultimate course on simple interest and compound interest. Compound interest is the addition of interest to the principal sum of a loan or deposit. Simple and compound interest problems with solutions pdf.
The interest for the first month is same in both simple interest and compound interest. As questions are based on previous year papers, there are chances that candidates will find many questions from the compound interest questions pdf in all competitive exams. We receive interest when we let others use our money for example, by depositing money in a savings account or making a loan. Simple and compound interest tricks 1 governmentadda. Comparing simple interest and compound interest the following examples illustrate the difference between simple interest and compound interest. 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. In this free online course you will learn why simple interest is called simple interest, how simple interest is used in daily life and how it is calculated. Simple and compound 8 interest interest is the fee paid for borrowed money. In exam you could also find problems that involve both simple and compound interest. I authored the quantitative aptitude made easy book.
Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest. As a part of it here we have provided the important quick revision tips and tricks on simple interest and compound interest. Basic concepts and tricks for solving cat questions. Interest formulas for simple and compound interests with. Simple interest refers to an interest that is calculated as a percentage of the principal amount, whereas compound interest refers to an interest which is calculated as a percentage of principal and accrued. If ratio of principal and simple interest for 1 year is 25. Simple interest and compound interest basic concepts and tricks. Simple interest compound interest quantitative aptitude.
The interest calculated every year on original principal, i. Simple interest and compound interest tricks pdf bankexamstoday. This is very useful for the upcoming competitive exams like ssc cgl, bank, railways, rrb ntpc, lic aao, and many other exams. Compound interest questions compound interest formula pdf. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. Since 1 year has 4 quarters, therefore rate of interest will become th of the rate of interest per annum, and the time period will be 4 times the time given in years. Taking a free sbi clerk mock test will help you to score high in the actual. Simple interest and compound interest basic concepts and. In easy words, it can be said as interest on interest.
Interest is the fixed amount paid on borrowed money. Worksheets are simple and compound, compound interest and e work, compound interest student work name, simple and compound interest, simple interest problems, simple and compound interest work, lesson plan simple and compound interest, grade 7 lesson 5 r. Important quick revision tips and tricks on simple. Bank c keeps your money at compound interest and offers you 5% interest. Compound interest shortcut tricks math shortcut tricks. 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%. Simple interest formula prt compound interest formula ap1rnnt what is the difference between simple interest and compound interest. Simple interest compound interest problems with solutions pdf download. If you know time management then everything will be easier for you. Nov, 2019 find out the differences between simple and compound interest.
The interest calculated on the amount initially invested or loaned. Simple interest and compound interest tricks youtube. Quantitative aptitudesimple and compound interest key. If you think that how to solve simple interest and compound interest questions using simple interest and compound interest shortcut tricks, then further studies will help you to do so. 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. The first example involves simple interest, whereas the second example involves compound interest. Aptitude shortcuts and mind tricks to find simple interest and compound interest 1 free download as pdf file. Nov, 2017 simple interest and compound interest tricks pdf ques 1. On the basis of these ideas we will learn trick and tips of shortcut simple interest and compound interest. The sum lent is called the principal the sum of the principal and interest is called the amount. Simple and compound interest problems with solutions pdf download. Now, lets discuss the basic difference between simple interest and compound interest. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts.
The interest is added to the principal at the end of each period to arrive at the new principal for the next period. First of all let us discuss the traditional method of solving simple interest question using the formula given below. 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. Aptitude shortcuts and mind tricks to find simple interest and. Simple interest and compound interest shortcut tricks pdf. The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce.
Download and learn this formulas pdf will help you, as the most of the questions from. When the rate % is not same for every year and interest is taken on yearly basis then amount can be calculated as. Extremely helpful to crack entrance exams like mba, banking. 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 formula for annual interest, including principal sum, is. These short tricks do not use any formula and give you the answer within 5 to 10 seconds. Interest is the amount charged by the lender from the borrower on the principal loan sum. Click here for more aptitude shortcuts and mind trick. If you have any queries, feel free to ask us in the below comment section. 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. Simple compound interest tricks examples aspirants zone.
Compound interest, as the name implies, is a little more complicated but this course explains the concept clearly and covers the methods used for calculating compound interest. Compound interest is calculated based on the principal, interest rate, and the time period involved. 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. In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks.
Mostly all the competitive exams have some regular topics such as general intelligence and reasoning,quantitative aptitude, and general knowledge. Today, we are going to discuss a very interesting topic simple and compound interest. Simple interest and compound interest problems and solutions pdf. Simple interest and compound interest shortcuts with examples. Hi friends, free ebook of maths mirror, one of the eminent name in the education industry.
Compound interest shortcut tricks shortcut tricks are very important things in competitive exam. The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs. It makes a deposit or loan grow faster as compared to simple interest. It is money paid by borrower for using the lenders money for a specified period of time. Home quantitative aptitude simple interest and compound interest. Math handwritten compound interest class notes are compiled in english and consolidated in a single pdf. Interest formulas mainly refer to the formulas of simple and compound interests. Compound interest shortcuts compound interest ci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. Free download in pdf quantitative aptitude questions and answers for freshers on simple and compound interest for upsc, ssc, nda, railways, ibps bank po, sbi po, ibps clerical exam. 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. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as interest on interest. Math compound interest study notes shortcuts and tricks by maths mirror amit sir pdf download.
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. Important practice problems on profit, loss and discount based on asked questions in cgl previous papers. Displaying all worksheets related to simple interest compound interest. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. This video will help you to learn the concept in a new and easy way. 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. Compound interest tricks in hindi for ibps bank po examsssc cglssc chsl. Jan 08, 2018 quantitative aptitude simple compound interest practice problem with solution. Simple interest is calculated on the principal, or original, amount of a loan. Exams like ibps, rrbs, rbi, ssc quantitative and aptitude will be awarded with 50 to 100 marks. Interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan.
If the interest on a sum borrowed for certain period is reckoned uniformly, then it is called simple 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 interest compound interest worksheets lesson. It focuses on the concepts like simple interest, compound interest, difference between simple interest and compound interest etc.
Aug 24, 2018 simple interest questions for ssc cgl pdf. By the end of it, we shall be familiar with the basic formulas used for the calculation of simple and compound interest and their practical applications. Simple compound interest tricks examples for ibps po, sbi po, niacl, nicl, lic, dena bank po pgdbf, boi, bank of baroda and other competitive exams. 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.
Simple interest and compound interest question,formula and. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Ssc cgl math project 400 questions for tier 1, tier 2, cpo, ssc cgl math download study material important math sscthis is very helpful to improve your maths questions answers skills. 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. 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. In this video, we are going to learn simple interest concepts and tricks to solve questions easily. Simple interest and compound interest formulas with online. 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.
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. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. Shortcut tricks on simple interest and compound interest shortcut tricks will help you to do simple interest and compound interest shortcut tricks mentally and very quickly. The money borrowed or lent out for a certain period is called the principal or the sum. Learn about simple and compound interest investopedia. 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. Today i am going to share simple interest and compound interest tricks and shortcuts. I have been providing online courses and free study material for rbi grade b, nabard. You can also check all other ssc cgl 2017 question paper here. Generally, simple interest paid or received over a certain period is a fixed percentage of the. 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. Compound interest tricks learn compound interest with.
We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. It is a method for calculating the interest earned or paid on a certain balance in a. Find out the differences between simple and compound interest. Yes today we have covered simple interest and compound interest tricks in our video and we will teach you compound interest tricks in hindi, which will help. Simple and compound interest aptitude questions and. Important short tricks to solve compound interest questions.
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