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%. Formulas and derived formulas for solving particular problems. This video will help you to learn the concept in a new and easy way. It evolved as a concept so that there can be a uniform platform. 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. It was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned.
If a certain sum becomes x times of itself in t years, the rate of compound interest will be equal to. May 03, 2019 simple interest tricky ebook pdf download. 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. A strong base can be guaranteed if a student has fully solved ml aggarwal maths chapter 8 simple and compound interest solutions. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Quantitative aptitude tricks pdf download bankexamstoday. Compound interest formulas, tricks and questions ssc adda. Ssc cgl, chsl,scc mts, and all competition math tricks notes pdf. May 23, 2018 as soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. In easy words, it can be said as interest on interest.
The time for which it is borrowed or lent is called time period t. Simple interest for one year compound interest for one year interest on rs. Money borrowed by a borrower or the money lend by a lender is called. Important short tricks to solve compound interest questions. Jan 08, 2018 quantitative aptitude simple compound interest practice problem with solution. Ml aggarwal class 8 solutions maths chapter 8 simple and. Simple interest and compound interest basic concepts and tricks. Nov, 2019 find out the differences between simple and compound interest. Welcome to the lets study together online free pdf section. So, simple interest is the sum paid for using the borowed money, for a fixed period. Simple interest compound interest sici questions with tricks for sbi po, ibps po, niacl, nicl, dena bank po pgdbf, boi, bank of baroda and other competitive exams.
I is one of the easiest topics in cat quantitative section. Compound interest formulas, shortcuts and practice problems. Jul 20, 2019 in this video, we are going to learn simple interest concepts and tricks to solve questions easily. So, here in this article, you will find the basic differences between simple interest and compound interest, which we have. Simple and compound interest problems with solutions pdf download. Simple interest compound interest quantitative aptitude. Simple interest and compound interest for all competitive exams theory.
We also cover basic topics like maths, geography, h istory, polity, etc and study materials including previous year. Ssc chsl physics previous year questions download pdf based on previous year question paper of ssc exams. Percent is derived from a phrase in latin per centum which means per hundred. Simple interest and compound interest sakshieducation. Find the compound interest on rs36,000 at a rate in which rs216 becomes rs343 in 3years and the time is 2years. Interest is the fixed amount paid on borrowed money. Compound interest objective type questions pdf download. The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is rs. 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. As a part of it here we have provided the important quick revision tips and tricks on simple interest and compound interest. Candidates from over all india can apply for the exam. 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.
In the case of 3 years, then first calculate ci% for 2 years and then for the 3rd year. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. Simple interest and compound interest question,formula and. Today i am sharing all the tricks for quantitative aptitude section. Simple interest and compound interest shortcut tricks. Simple interest and compound interest shortcut tricks pdf. The interest calculated every year on original principal, i. Starting from basics to covering difficult concepts with theory and sample questions. 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. If the difference between simple interest and compound interest at 10% p. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Compound interest question pdf for ssc, railway exam.
Here in this page we give few examples on compound interest shortcut tricks. It is a method for calculating the interest earned or paid on a certain balance in a. Compound interest is calculated based on the principal, interest rate, and the time period involved. The sum of the principal and interest is called the amount. 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. Take a free mock test for ssc chsl download ssc chsl previous papers question 1. Download objective type questions of compound interest pdf visit our pdf store. Pdf format simple interest and compound interest questions math tricks pdf student. Compound interest shortcut tricks math shortcut tricks. 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.
Difference between simple interest and compound interest. Money borrowed by a borrower or the money lend by a lender is called the principal p. Simple interest and compound interest for 1 year at a given rate of interest per annum are always equal. Today i am going to share simple interest and compound interest tricks and shortcuts.
Simple interest and compound interest problems and. A sum of money lent out at simple interest amounts to rs. The interest is added to the principal at the end of each period to arrive at the new principal for the next. Simple interest simple interest tricks simple interest.
Compound interest questions compound interest formula pdf. The key to performing well in the examinations is to solve ml aggarwal solutions maths chapter 8 simple and compound interest properly and noting down important chapters and tricks mentioned in exercises. Questions and formulas related to general interest are available in this subject. The formula for annual interest, including principal sum, is. Previous years questions asked in these exams including shortcuts and tricks to solve these questions. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. Mar 04, 2018 sum of principal and interest and is denoted by a.
Apr 05, 2019 compound interest questions for ssc chsl pdf. Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. The interest for the first month is same in both simple interest and compound interest. Interest formulas for simple and compound interests with. There are many competitive exams have come in recent years. Compound interest tricks learn compound interest with. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. When interest is calculated on the original principal for any length of time, it is called simple interest. The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce. Interest formulas mainly refer to the formulas of simple and compound interests. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched.
It makes a deposit or loan grow faster as compared to simple interest. Simple interest and compound interest for ssc cgl and ssc chsl. The extra money paid by the borrower to the lender is called the interest. Simple interest and compound interest problems and solutions pdf. Simple interestcompound interest sici questions with. Simple interest compound interest problems with solutions pdf download. Simple and compound interest aptitude questions and. The interest at which compound interest accumulates depends on the frequency. Few examples on simple interest and compound interest shortcuts is given in this page below. When the rate % is not same for every year and interest is taken on yearly basis then amount can be calculated as. Simple and compound interest tricks 1 governmentadda. Jun 24, 2018 categories maths study material tags compound interest, mathprep, mathquestions, mathshortcuts, pdf, pdf download, simple interest, studymaterial, studynotes leave a comment post navigation official notice. Simple and compound interest problems with solutions pdf. So the competitive level is goes on high every year.
Simple and compound interest formula in hindi pdf download dear students, today we are sharing simple and compound interest formula in hindi pdf download. Download the groww app and invest in mutual funds in 0%. Basic concepts and tricks for solving cat questions. Simple interest and compound interest formulas for cat pdf. On a certain sum of money, the simple interest for 2 years is rs. Simple interest simple interest tricks simple interest and.
Simple interest is calculated on the principal, or original, amount of a loan. Compound interest problems using shortcut tricks 1. Simple and compound interest is interactive notebook content that helps students to understand the how to calculate interest and how to find the components of the formulas. The difference between the compound interest compounded annually and the simple interest on a certain sum for 2 years at 6% per annum is rs. Categories maths study material tags compound interest, mathprep, mathquestions, mathshortcuts, pdf, pdf download, simple interest, studymaterial, studynotes leave a comment post navigation official notice. First of all let us discuss the traditional method of solving simple interest question using the formula given below. Shortcut tricks are very important things in competitive exam. The interest calculated on the amount initially invested or loaned.
Compound interest is the addition of interest to the principal sum of a loan or deposit. Simple and compound interest formula in hindi pdf download. I is simple interest for 2 years vii the difference between compound interest and simple interest on a sum of rs p for 3 years at r% p. Learn tricks to solve simple interest and compound interest. Important quick revision tips and tricks on simple interest. 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. It includes two activities one notetaking activity and one interactive notebook activity. Maths by ravi thakur maths for ssc, railway bank and other competitive exams mob.
Cat aspirants are required to apply various formulas on simple interest and compound interest to solve various questions. By using these tricks you can solve any question within seconds. 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. Find the amount to be paid back on a loan of find the. Simple interest and compound interest tricks pdf bankexamstoday. Both simple interest and compound interest are available in this pdf. Simple compound interest tricks examples aspirants zone. Simple interest tricky book pdf download free hello friends tricky book. Simple interest and compound interest bank exams today. Formulas for simple interest and compound interest. For example, say a student obtains a simple interest loan. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Simple interest tricky ebook pdf download hello friends.
A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs. Compound interest questions for ssc chsl pdf cracku. Oct 29, 2019 shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Compound interest question with solution free pdf compound interest ci question asked in previous year exam.
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