Cat aspirants are required to apply various formulas on simple interest and compound interest to solve various questions. Problems in this topic needs more focus on percentage. The interest at which compound interest accumulates depends on the frequency. The difference between the compound and simple interest for 3 years will be. Formulas short tricks and questions railway rrb je junior engineer previous year exam paper free download kiran ssc mathematics in english free download in pdf. First, list the other variables in the equation a and specify their given values. Compound interest aptitude questions and answers indiabix.
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 and compound interest tricks for bank po, sbi po and ssc cgl part 4 in hindi by study smart. As we know that same for some time but some cases its different from simple interest. Bookmark this page to download all in one pdf files of ibpsguide power boosters.
Dec 19, 2016 this is the short trick for solving compound interest questions which usually come in ssc cgl, ibps and other competitive exams, in ssc cgl exam you can find two or three compound interest. Simple interest and compound interest shortcut tricks pdf. Math handwritten compound interest class notes are compiled in english and consolidated in a single pdf. Allindiaexams provides you lots of fully solved aptitude compound interest questions and answers with explanation. Download and learn this formulas pdf will help you, as the most of the questions from. With compound interest, you work out the interest for the first period, add it to the total, and then calculate the interest for the next period, and so on. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. If the compound interest on a certain sum for two years at 10% p. Learn important compound interest shortcuts and tricks that you can used in aptitude exams to solve problems based on compound interest. Compound interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams.
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. Important short tricks to solve compound interest questions. Compound interest question pdf for ssc, railway exam. Fully solved examples with detailed answer description. It is equal to the principal plus the interest earned. The time for which it is borrowed or lent is called time period t. Compound interest shortcut tricks math shortcut tricks. 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. Simple interest and compound interest formulas for cat pdf. Now, lets discuss the basic difference between simple interest and compound interest. All students, freshers can download aptitude compound interest quiz questions with answers as pdf files and ebooks.
Compound interest shortcut tricks shortcut tricks are very important things in competitive exam. You may wish to read introduction to interest first. 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. First of all let us discuss the traditional method of solving simple interest question using the formula given below. Lesson plan simple and compound interest chapter resources lesson 414 simple interest. 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. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. Apr 11, 2017 important short tricks to solve compound interest questions. You can view the individual graphics in larger sizes on their own posts from the infographics link in the sidebar. Understanding the base formula of compound interest is the key in knowing how to compute for the daily, monthly, quarterly, or semiannual compound interest easily. It makes a deposit or loan grow faster as compared to simple interest. Aptitude shortcuts and mind tricks to find simple interest and.
Compound interest aptitude questions and answers page 6. Compound interest aptitude questions compound interest is the difference between the original principal and final amount. In addition to the formula, you also can use function to calculate the compound interest. Finding p finding i interest rate per period aunt freda leaves thelma a legacysome deposit stock that was invested for ten years at 11% p. 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.
If you know time management then everything will be easier for you. The method used to solve the problem will depend on what we are trying to find. On the basis of these ideas we will learn trick and tips of shortcut simple interest and compound interest. In easy words, it can be said as interest on interest. 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 problems and solutions pdf. Hi friends, free ebook of maths mirror, one of the eminent name in the education industry. Jul 23, 2017 the difference between the compound and simple interest for 3 years will be. This pdf is provided to make you the master of the topic. Quantitative aptitude tricks by ramandeep singh page 1 quantitative aptitude tricks pdf download topics.
How to solve compound interest questionstricks part 1. Interest is the fixed amount paid on borrowed money. Money borrowed by a borrower or the money lend by a lender is called the principal p. The extra money paid by the borrower to the lender is called the interest. These short tricks do not use any formula and give you the answer within 5 to 10 seconds. In exams we dont have time to calculate on paper with formulas. 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 principal, r is the annual interest rate, and t is the time in years. This pdf of simple interest is helpful for your competitive exams like ibps. If youre having a hard time, download the exercise file in chapter 2 of this tutorial and try to understand how the formula works. I is one of the easiest topics in cat quantitative section. Simple interest simple interest tricks find amount.
Hi friends, simple and compound interest questions are merged with percentage concepts in exams so to solve simple and compound interest questions. Simple interest and compound interest shortcut tricks. Tips and tricks for all chapters topic wise pdf download freebook. This zip file contains all of the food chemistry infographics currently up on the site in pdf format up to june 2014. Compound interest shortcut methods and concept in quantitative aptitude which can be useful for competitive exams like bank po, ssc, ibps, cat, csat, cmat etc. Shortcut tricks to solve compound interest problems solving ci problems using smart tricks. Click here just go through this concepts and you will be going to understand simple and compound interest topic easily and answers will be. 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.
Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. 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. The first way to calculate compound interest is to multiply each years new balance by the interest rate. Ibpsguide coming up with power packed pdf materials to all banking and insurance exams. Simple interest and compound interest by ramandeep singh page 5 5. Enrich your preparation with best of our pdf materials. Aptitude shortcuts and mind tricks to find simple interest and compound interest 1 free download as pdf file. Simple interest and compound interest tricks pdf bankexamstoday. Compound interest tricks learn compound interest with. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. If you have a child who is old enough to do basic math, then teaching them about why compounding interest is important for them is a great idea. Mar 29, 2019 how to teach kids about compound interest.
Rrb, 2009 the compound interest on a sum for 2 years is rs. Simple interest and compound interest for all competitive exams theory. Compoundinteresttables 595 14% compound interestfactors 14% singlepayment uniformpaymentseries arithmeticgradient compound present sinking capital compound present gradient gradient amount worth fund recovery amount worth uniform present factor factor factor factor factor factor series worth find f find p find a find a find f find. 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. As soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. Simple interest and compound interest problems and. Under compound interest, the amount at the end of the first year will become principal for the second year. Write a compound interest function to model the situation. 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.
Bakshi pdf freebook kirans ssc mathematics solved papers pdf. The sum of the principal and interest is called the amount. Quantitative aptitude is most important part of a government examination. Sometimes it so happens that the borrower and the lender agree to fix up a certain unit of time, say yearly or halfyearly or quarterly to settle the precious account. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. 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. Welcome to the lets study together online free pdf section. 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. Then find the balance after the given number of years.
When the rate % is not same for every year and interest is taken on yearly basis then amount can be calculated as. Quantitative aptitudesimple and compound interest key. Today i am sharing a pdf which contains basic concepts of one of the aptitude maths topic simple and compound interest. Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest. Compound interest is similar to the simple interest shortcut tricks. In this post we explained about the topic compound interest from the arithmetic. Simple and compound interest tricks for bank po youtube. Interest that is earned on both the principal and any interest that has been earned previously. Today i am going to share simple interest and compound interest tricks and shortcuts. Math compound interest study notes shortcuts and tricks by maths mirror amit sir pdf download. May 23, 2018 as soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. 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%. Hi bankersdaily aspirants, learning is a step by step process and you should gradually progress in that to ace the process. The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs.
We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. We pay interest when we use other peoples money such as when we borrow from a bank or a friend. In this chapter we will study simple and compound interest. Get free access to download at any time to enhance your preparation. A sum of money lent out at simple interest amounts to rs. All students, freshers can download aptitude quiz questions with answers as pdf files and ebooks.
1086 1472 1438 1177 831 566 1165 961 403 1245 510 56 469 1033 498 1370 135 1297 370 685 370 301 1440 820 605 718 1473 267 46 18 1443 324 270 1400 1094 1401 106