Simple compound interest tricks examples aspirants zone. We can also find this using direct formula as given below. Interest is the fixed amount paid on borrowed money. 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. The free compound interest calculator offered through is simple to operate and offers to compound frequency choices from daily through annually. If you go by the compound interest formula, the calculation would become very difficult. Compound interest questions or problems with solutions, covered for all bank exams, competitive exams, interviews and entrance tests. Simple compound interest tricks examples for ibps po, sbi po, niacl, nicl, lic, dena bank po pgdbf, boi, bank of baroda and other competitive exams.
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. Simple interest and compound interest shortcut tricks pdf. Simple interest and compound interest tricks youtube. 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. But those who are able and wish to contribute to run this campaign smoothly may do the same. We use the basic formula for calculating compound interest.
These two sums can be related by the following formula. Aptitude maths is one of the important section of any competitive exams. Basics of simple interest, compound interest for banking, ssc. Shortcut solving methods of quantitative aptitudes compound interest problems with examples. The difference between the compound and simple interest for 3 years will be. Learn the important and tricks to solve questions based on compound interest. On the basis of these ideas we will learn trick and tips of shortcut simple interest and compound interest. For condition 1, a sum of money becomes x times in a years. Compound interest formulas, tricks with examples edudose. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. Compound interest question pdf for ssc, railway exam. 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. Important short tricks to solve compound interest questions.
You can learn the shortcuts methods and formulas to. Welcome to the lets study together online free pdf section. The sum lent is called the principal the sum of the principal and. As soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. Air force group y question paper 2019 with answer key download free pdf. Join our free preparation group where i provide special content not available anywhere else. A sum of money placed at compound interest becomes x time in a years and y times in b years. Simple interest and compound interest tricks pdf bankexamstoday. Simple interest simple interest tricks simple interest and. I have been providing online courses and free study material for rbi grade b, nabard. Mathematics compound interest formulas, tricks with examples. Compound interest shortcut tricks math shortcut tricks. It is similar to simple interest shortcut tricks as we know that same for some time but some cases its different from simple interest, in case of compound interest the interest is vary according to time but the first year it is equal always that is. Compound interest is difference between the original principal and final amount is called compound interest ci.
Simple interest and compound interest shortcut tricks. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. If you have any queries, feel free to ask us in the below comment section. 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. I authored the quantitative aptitude made easy book. Questions from this topics asked almost in every competitive exams and questions from this section is time consuming if you dont know the correct approach towards that question.
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