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. The ultimate course on simple interest and compound interest. It makes a deposit or loan grow faster as compared to simple interest. A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs. Simple interest and compound interest problems and solutions pdf. Simple interest compound interest worksheets lesson.
Difference between simple interest and compound interest. Simple interest and compound interest shortcuts with examples. In this article, we shift our focus from concepts to compound interest tricks. Compound interest t time in years r interest rate per year. Simple and compound interest aptitude questions and. This course is based on simple and compound interest. 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. The difference between compound interest and simple interest on a certain sum of money at 10 % per annum for 3 years is rs.
It focuses on the concepts like simple interest, compound interest, difference between simple interest and compound interest etc. For example, the rate of interest is 10% per annum means the interest payable on rs 100 for one year is rs 10. Simple interest simple interest tricks simple interest. Simple and compound interest problems with solutions pdf. 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. 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. Simple interest and compound interest shortcut tricks. Today i am going to share simple interest and compound interest tricks and shortcuts. In easy words, it can be said as interest on interest. Compound interest is the addition of interest to the principal sum of a loan or deposit. Simple and compound interest introduction and shortcuts. Extremely helpful to crack entrance exams like mba, banking. Bank c keeps your money at compound interest and offers you 5% interest.
There are many competitive exams have come in recent years. Compound interest tricks learn compound interest with. 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 and compound interest problems shortcuts. Sici questions for sbi poclerk, rbi grade b, syndicate bank, bob, ippb. Compound interest is calculated based on the principal, interest. 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.
Simple and compound interest tips and tricks and shortcuts. Learn important compound interest shortcuts and tricks that you can used in aptitude exams to solve problems based on compound interest. Simple interest and compound interest formulas for cat pdf. Problems have been solved with simple tricks and clear explanation has been given to understand them properly. 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. To find compound interest for two years, when simple interest is given. In exam you could also find problems that involve both simple and compound interest.
Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. 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 shortcut tricks math shortcut tricks. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. 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. If the difference between the compound interest and simple interest on a certain sum of. Displaying all worksheets related to simple interest compound interest. Interest it is money paid by borrower for using the lenders money for a specified period of time. If you know time management then everything will be easier for you. Compound interest shortcuts compound interest ci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. The difference between compounding interest and simple interest. 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 formulas and short cuts on simple interest.
The difference between the compound and simple interest for 3 years will be. Compound interest is very significant topic in todays world. 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. Formulas for simple interest and compound interest. Simple interest and compound interest basic concepts and. Simple interest and compound interest tricks pdf bankexamstoday. Quantitative aptitudesimple and compound interest key. The focus of this article is purely to explore different compound interest tricks, 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. Learn the important and tricks to solve questions based on compound interest. Simple interest and compound interest problems and. Simple interest simple interest tricks find amount. 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. Important short tricks to solve compound interest questions.
This pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks. Today, we are going to discuss a very interesting topic simple and compound interest. 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 are one of the most important topics in exams. Cat aspirants are required to apply various formulas on simple interest and compound interest to solve various questions. In the first two articles for compound interest, we have covered the important concepts for this topic. Math handwritten compound interest class notes are compiled in english and consolidated in a single pdf. Math compound interest study notes shortcuts and tricks by maths mirror amit sir pdf download. The sum of the principal and interest is called the amount.
Tips tricks and shortcuts on compound interest and simple. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Find out the difference between compound interest and simple interest for the sum of 0 over 2 years period. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Simple interest and compound interest tricks youtube. The rule of 72 is defined as a shortcut or rule of thumb used to estimate the number of years required to double your money at a given annual.
The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce. Simple interest and compound interest shortcut tricks pdf. 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. Find the principal if it is known that the interest is compounded annually. To make the chapter easy for you all, we are providing you all some important short tricks to solve 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. Simple interest formula prt compound interest formula ap1rnnt what is the difference between simple interest and compound interest.
Subscribers of 2020 pdfs can now download march 2020 pdf from their account. I is one of the easiest topics in cat quantitative section. Interest is the fixed amount paid on borrowed money. 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. Compound interest and simple interest solved examples. Simple interest compound interest problems with solutions pdf download. First of all let us discuss the traditional method of solving simple interest question using the formula given below. 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. The sum lent is called the principal the sum of the principal and interest is called the amount interest. Simple and compound interest tricks 1 governmentadda. Find out the differences between simple and compound interest.
We cover an extremely useful set of compound interest shortcuts. 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. After three years, in simple interest, the total amount would be 0 and in compound interest, the total amount would be 31.
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