The ultimate course on simple interest and compound interest. Compound interest problems with answers and solutions are presented. 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. Oct 29, 2019 shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams.
Simple interst basic concept and imp problems in telugu. In this section, we are going to learn, how to solve problems on simple interest step by step. Simple interest simple interest tricks find amount. By solving compound interest problems, you are become expert and used to solve problems based on compound interest formula. In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks. May 23, 2018 as soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. Sreedhars college for competitive exams 29,565 views 1. He invested the remaining in a fund that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest received rs.
Simple interest when a sum of money is borrowed for a. Welcome to the lets study together online free pdf section. So the competitive level is goes on high every year. I for 1st year and 2nd year, it is clear that the interest earned in 2nd year is. The interest calculated every year on original principal, i. Simple interest question and answers with easy solutions in aptitude topic are present here. Candidates from over all india can apply for the exam. It focuses on the concepts like simple interest, compound interest, difference between simple interest and compound interest etc. Simple interest and compound interest problems and solutions pdf. Compound interest is calculated based on the principal, interest rate, and the time period involved. Displaying all worksheets related to simple interest compound interest. Interest is money paid or earned for the use of money. After revising the formulas you will understand the following examples. In this section, you can learn and practice skills questions with answers to improve your skills to deal with maintenance, contests, and various entrance test cat, gate, gre, mat.
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. Interest is the fixed amount paid on borrowed money. This pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. Simple interest and compound interest tricks pdf ques 1. Compound interest t time in years r interest rate per year.
Compound interest formulas and ci practice problems using shortcut tricks. Simple interest tricky ebook pdf download hello friends. Simple and compound interest definitions, explanations. Simple interest and compound interest shortcut tricks pdf. Simple interest for two years is 1200 and interest for one year is 600 so, c. Jun 24, 2018 categories maths study material tags compound interest, mathprep, mathquestions, math shortcuts, pdf, pdf download, simple interest, studymaterial, studynotes leave a comment post navigation official notice. Simple interest plays a key role in interest and investment problems. The money borrowed or lent out for a certain period is called the principal or the sum. Here in this page we give few examples on compound interest shortcut tricks. Suppose a simple interest is levied on an amount for 5 years at a rate of 10% annually. The compound interest formula is used to solve financial problems related to price or numbers. First of all let us discuss the traditional method of solving simple interest question using the formula given below. The interest for the first month is same in both simple interest and compound interest.
I for 1st year and 2nd year, it is clear that the interest earned in 2nd year is 30 more than the first year. The interest is added to the principal at the end of each period to arrive at the new principal for the next. One can get all the shortcut key explained in a detailed manner in rrb ntpc simple interest pdf free download. Shortcut tricks are very important things in competitive exam. Simple interest and compound interest tricks pdf bankexamstoday. Simple interest and compound interest tricks youtube. Money borrowed by a borrower or the money lend by a lender is called the principal p. If rate of interest is r1% for first year, r2% for. Compound interest solved problems using compound interest shortcuts. Download the groww app and invest in mutual funds in 0% commission. It is the interest which is calculated not only on the principal amount invested but also on the interest earned in previous periods. Click here for download simple interest and compound interest problems and solutions pdf 25 questions some questions of simple interest and compound interest problems and solutions pdf. Compound interest shortcut tricks math shortcut tricks.
Solving simple interest problems, solving compound interest problems, solving continuously compounded. Learn important compound interest shortcuts and tricks that you can used in aptitude exams to solve problems based on compound interest. Compound interest and simple interest solved examples. 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. Quantitative aptitude questions simple interest day37 march 12, 2018 quantitative aptitude questions simple interest and compound interest for sbi clerk 2018 day. 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 i on a sum of rs p borrowed at r% p. The time for which it is borrowed or lent is called time period t. Jul 20, 2019 the simple interest was never so simple in the books and now its our duty to provide you the solution for your maths problems. This pdf of simple interest is helpful for your competitive exams like ibps po, rrb, clerk, sbi po, cat and your placement programs. 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. The sum of the principal and interest is called the amount. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. These are the different type of questions asked on compound interest under. 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 and compound interest problems shortcuts. 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. Compound interest problems with solutions for bank exams. The method used to solve the problem will depend on what we are trying to find. Shortcut tricks on simple interest are one of the most important topics in exams. Simple interest and compound interest archives ibps guide. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. These mcqs are also very helpful to solve quantitative aptitude problems in various competitive exams like upsc, nda, bank po etc. If the difference between simple interest and compound interest on a certain sum of money in 2 years at 20 % p. Lets go through some compound interest solved problems and learn how to use and implement compound interest shortcuts in actual problem solving. So to overcome this problem and save your important time in exam we have. 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 question pdf for ssc, railway exam. There are many competitive exams have come in recent years.
Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Compound interest practice problems for ibps bank exams. In this video, we are going to learn simple interest concepts and. Aptitude shortcuts method for simple interest and compound. Simple interest problems with solutions onlinemath4all. Simple interest and compound interest basic concepts and. Simple interest compound interest worksheets lesson. The future value tables are widely used in accounting and finance to save time and avoid unnecessary computations. Formulas for simple interest and compound interest problems. A12 appendix b financial literacy lesson tutorials b.
Learn about simple and compound interest investopedia. The formulas given below will be useful to solve problems on simple interest. Compound interest is very significant topic in todays world. If you know time management then everything will be easier for you. Remember, till the time you actually solve questions using these tricks, you wont be able to memorize and understand them. Find out the differences between simple and compound interest.
The extra money paid by the borrower to the lender is called the interest. 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. Today i am going to share simple interest and compound interest tricks and shortcuts. Categories maths study material tags compound interest, mathprep, mathquestions, math shortcuts, pdf, pdf download, simple interest, studymaterial, studynotes leave a comment post navigation official notice. Problems on compound interest shortcuts for problem solving. When a person or bank lends money to a borrower, the borrower usually has to pay an extra amount of money to the lender.
Problems on compound interest shortcuts for problem. Aug 09, 2017 simple interest is one of the easiest but tricky topic in aptitude. Simple interest and compound interest shortcut tricks. Aptitude shortcuts methods that used in aptitude questions related to simple and compound interest problems were given below in pdf. Simple and compound interest aptitude basics, practice questions, answers and explanations. Aptitude questions and answers for freshers on simple 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 problems. Mar 04, 2018 sum of principal and interest and is denoted by a. Compound interest question and answers with easy solutions in aptitude topic are present here. 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 interest simple interest and compound interest youtube. Compound interest formulas, shortcuts and practice problems. Simple interest and compound interest problems are very important in all entrance exams. I for 1st year would be same when we compare the c.
To find compound interest for two years, when simple interest is given. Simple interest and compound interest sakshieducation. Simple interest and compound interest shortcuts with examples. 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. A certain sum of money at simple interest amount to rs. Rrb, 2009 the compound interest on a sum for 2 years is rs. Simple interest compound interest quantitative aptitude. Simple interest problems and solutions for bank exams.
Simple interest questions using above formula become little lengthy. For example, the rate of interest is 10% per annum means the interest payable on rs 100 for one year is rs 10. Problems in this topic needs more focus on percentage. For example, say a student obtains a simple interest loan.
Practise compound interest questions and answers for ssc chsl, cgl tier 2 and cgl 2018 exams. In simple interest, the total amount would be 0 and in compound interest, the total amount would be 31. Find the amount to be paid back on a loan of find the. 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 practice from these problems.
Compound interest is the addition of interest to the principal sum of a loan or deposit. You can learn the shortcuts methods and formulas to solve questions based. Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. There are understandable, simple solutions useful for rrb alp, group d and bank jobs. Aptitude test 65 questions with explanation pdf free download questions.
This pdf is provided to make you the master of the topic. Mostly all the competitive exams have some regular topics such as general intelligence and reasoning,quantitative aptitude, and general knowledge. Do first ten maths using basic formula of this math topic. If the compound interest on a certain sum for two years at 10% p. 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. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Simple interest and compound interest for all competitive exams theory. 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. Choose any twenty math problems and write it down on a page. 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. Sici questions for sbi poclerk, rbi grade b, syndicate bank, bob, ippb. If the difference between the compound interest and simple interest on a certain sum of money for 2 years at r% per annum rate is rs. Before going to the simple interest and compound interest problems, you should revise the simple and compound interest formulas.
Few examples on simple interest shortcuts is given in this page below. Shortcut tricks to solve compound interest problems solving ci problems using smart tricks. Simple interest is one of the easiest but tricky topic in aptitude. Ajay invested half of his savings in a mutual fund that paid simple interest for 2 years and received rs. Few examples on simple interest and compound interest shortcuts is given in this page below. How to get shortcut key for computer awareness and rrb ntpc compound interest. It is a method for calculating the interest earned or paid on a certain balance in a. Interest that is earned on both the principal and any interest that has been earned previously. What will be difference between compound interest and simple interest on 50000 rs at the rate. Find simple interest based question math shortcut tricks. Similarly, for second, third, fourth and fifth year 10% each.
Learn ci short tricks with ci questions came in previous exams. In exam you could also find problems that involve both simple and compound interest. How much is in the account after one year, two years and three years. One can get all the shortcut key explained in a detailed manner in rrb ntpc compound interest. Understanding simple interest and compound interest thanks to all of you who support me on patreon. When interest is calculated on the original principal for any length of time, it is called simple interest. The interest calculated on the amount initially invested or loaned.
860 1178 1459 259 957 327 1454 1572 929 686 1003 1636 724 75 400 1203 9 1280 1424 79 1287 950 127 46 1114 726 118 423 415 405 114 1177