The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs. Compound interest t time in years r interest rate per year. 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. In exam you could also find problems that involve both 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. After three years, in simple interest, the total amount would be 0 and in compound interest, the total amount would be 31. Simple interest and compound interest problems and. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan.
Simple interest simple interest tricks simple interest. Simple and compound interest aptitude questions and. If you know time management then everything will be easier for you. This course is based on simple and compound interest. 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 simple interest tricks find amount. There are many competitive exams have come in recent years.
In this article, we shift our focus from concepts to compound interest tricks. A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs. Math compound interest study notes shortcuts and tricks by maths mirror amit sir pdf download. Simple interest compound interest worksheets lesson. Quantitative aptitudesimple and compound interest key. I is one of the easiest topics in cat quantitative section. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. Problems have been solved with simple tricks and clear explanation has been given to understand them properly.
Important formulas and short cuts on simple interest. The ultimate course on simple interest and compound interest. Compound interest shortcut tricks shortcut tricks are very important things in competitive exam. If the difference between the compound interest and simple interest on a certain sum of. Compound interest is calculated based on the principal, interest. Simple interest and compound interest shortcut tricks pdf. It focuses on the concepts like simple interest, compound interest, difference between simple interest and compound interest etc. The difference between compounding interest and simple interest. Compound interest and simple interest solved examples.
Simple interest compound interest problems with solutions pdf download. Simple interest and compound interest shortcuts with examples. Extremely helpful to crack entrance exams like mba, banking. Interest is the fixed amount paid on borrowed money. We cover an extremely useful set of compound interest shortcuts. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Difference between simple interest and 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 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. Simple interest formula prt compound interest formula ap1rnnt what is the difference between simple interest and compound interest. 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 tricks pdf bankexamstoday. Hi friends, free ebook of maths mirror, one of the eminent name in the education industry. 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. Formulas for simple interest and compound interest. To make the chapter easy for you all, we are providing you all some important short tricks to solve compound interest. Interest it is money paid by borrower for using the lenders money for a specified period of time. Compound interest tricks learn compound interest with. 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 problems shortcuts.
Simple interest and compound interest basic concepts and. Compound interest shortcut tricks math shortcut tricks. 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.
Math handwritten compound interest class notes are compiled in english and consolidated in a single 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 interest and compound interest formulas for cat pdf. For example, the rate of interest is 10% per annum means the interest payable on rs 100 for one year is rs 10. First of all let us discuss the traditional method of solving simple interest question using the formula given below. The focus of this article is purely to explore different compound interest tricks, shortcuts. 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. 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 very significant topic in todays world.
The sum lent is called the principal the sum of the principal and interest is called the amount interest. In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks. Simple and compound interest tips and tricks and shortcuts. Simple and compound interest problems with solutions pdf. It makes a deposit or loan grow faster as compared to simple interest. So all the basics have been discussed before starting problems and in introduction every term has been described with proper definition to understand them well. Simple interest and compound interest problems and solutions pdf. Find out the difference between compound interest and simple interest for the sum of 0 over 2 years period. Bank c keeps your money at compound interest and offers you 5% interest.
Learn important compound interest shortcuts and tricks that you can used in aptitude exams to solve problems based on compound interest. Compound interest is the addition of interest to the principal sum of a loan or deposit. The difference between the compound and simple interest for 3 years will be. Sici questions for sbi poclerk, rbi grade b, syndicate bank, bob, ippb. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Simple interest and compound interest tricks youtube. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. The sum of the principal and interest is called the amount. Find out the differences between simple and compound interest. The difference between compound interest and simple interest on a certain sum of money at 10 % per annum for 3 years is rs. 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. Cat aspirants are required to apply various formulas on simple interest and compound interest to solve various questions. Simple and compound interest introduction and shortcuts. 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 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. In the first two articles for compound interest, we have covered the important concepts for this topic. Simple interest and compound interest shortcut tricks. Today, we are going to discuss a very interesting topic simple and compound 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. In easy words, it can be said as interest on interest. Compound interest shortcuts compound interest ci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. Learn the important and tricks to solve questions based on compound interest. 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.
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