Today i am going to share simple interest and compound interest tricks and shortcuts. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. It is money paid by borrower for using the lenders money for a specified period of time. Important short tricks to solve compound interest questions. 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. The sum lent is called the principal the sum of the principal and interest is called the amount interest. Formulas for simple interest and compound interest. Objectives questions with tricks, method to find, to calculate, tricks pdf, tricks in hindi, tricks for cat, objectives formulas, objectives problems with solutions pdf. Formulas and derived formulas for solving particular problems. Simple interest and compound interest concepts bankexamstoday. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds. Few examples on simple interest and compound interest shortcuts is given in this page below. Then find the balance after the given number of years. Now, lets discuss the basic difference between simple interest and compound interest.
Simple interest and compound interest shortcut tricks. Simple interest for one year compound interest for one year interest on rs. Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest. Online mock test free try simple interest and compound interest online mock test for free multiple choice question answers simple interest and compound interest mcqs. Includes both formulas and blank spaces to write definitions for p,r,t,b and n. Here in this page we give few examples on compound interest shortcut tricks. Basic concepts and tricks for solving cat questions. Compound interest question pdf for ssc, railway exam. 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. We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. Write a compound interest function to model the situation. For example, say a student obtains a simple interest loan. The interest calculated every year on original principal, i. Simple and compound interest tricks 1 governmentadda.
Simple and compound interest a presentation by himansu s m 31jul20 2. There are understandable, simple solutions useful for rrb alp, group d and bank jobs. Simple and compound interest formula in hindi pdf download dear students, today we are sharing simple and compound interest formula in hindi pdf download. Simple interest and compound interest for all competitive exams theory. Interest is defined as the cost of borrowing money or the rate paid on a deposit to an investor. I is one of the easiest topics in cat quantitative section. Try our simple interest calculator and compound interest calculator. 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. If the difference between simple interest and compound interest for two years on a sum of rs. Important for ssc cglchsl, ibps, sbi, cds and other bank exams. Compound interest questions for ssc chsl pdf cracku. Simple interest and compound interest question,formula and.
The principal in simple interest and compound interest must be same. The sum lent is called the principal the sum of the principal and interest is called the amount interest is of two kinds. Interest is the fixed amount paid on borrowed money. Simple interest simple interest tricks simple interest and. Compound interest shortcut tricks math shortcut tricks.
Simple interest and compound interest problems are very important in all entrance exams. Compound interest shortcuts and tricks ci formulae. Simple interest short tricks in hindi simple interest math short tricks in hindi 1. 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. 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. Requesting you to refer below points before taking any ci test. 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. Also includes graphic examples to help students to visualize how the formulas work. Ssc cgl, chsl,scc mts, and all competition math tricks notes pdf. First of all let us discuss the traditional method of solving simple interest question using the formula given below. 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 concept well.
Simple interest and compound interest for ssc cgl and ssc chsl. 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. 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. This is sometimes known as the cost of money which doesnt belong to you, but you. Simple interest and compound interest shortcut tricks pdf. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. Compound interest question and answers with easy solutions in aptitude topic are present here. Simple interest formulas, tricks with examples edudose. A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs. Introduction to simple and compound interest alison. When money is borrowed, interest is typically paid to the lender as a percentage of the principal, the amount owed to the lender. Jun 20, 2017 compound interest tricks in telugu by manavidya duration. Simple interest and compound interest tricks youtube.
Pdf format simple interest and compound interest questions math tricks pdf student. Simple interest simple interest tricks find amount. Simple interest and compound interest concepts, tricks. Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. Simple interest compound interest worksheets lesson. Both simple interest and compound interest are available in this pdf.
Mar 10, 2015 this is the shorts trick for solving simple interest and compound questions which usually comes in ssc,cgl,ibps and other competitive exams, in ssc cgl exam you can find 23 simple interest and. The extra money paid by the borrower to the lender is called the interest. Interest formulas mainly refer to the formulas of simple and compound interests. The method used to solve the problem will depend on what we are trying to find. In this blog post, we will cover all the important aspects of this topic. 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. We have provvided useful formulae and hints for compound interest category. 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.
Questions and formulas related to general interest are available in this subject. Simple interest and compound interest sakshieducation. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. In easy words, it can be said as interest on interest. Rate of interest must be same in simple interest and compound interest. 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. Compound interest questions compound interest formula pdf. Interest is the amount charged by the lender from the borrower on the principal loan sum. Simple and compound interest formula in hindi pdf download. If the compound interest on a certain sum for 2 years is 20rs and simple interest for two years is 10rs,then what wil be the rate of interest per annum. Displaying all worksheets related to simple interest compound interest.
Any person with a bank account, credit card or bank loan will come across aspects of simple interest and compound interest. Mar 04, 2018 sum of principal and interest and is denoted by a. 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 tricks learn compound interest with. The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs. 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. Simple interest and compound interest by ramandeep singh page 5 5. Problems in this topic needs more focus on percentage. Simple interest and compound interest basic concepts and. Download and learn this formulas pdf will help you, as the most of the questions from. Simple interest and compound interest tricks for bank po, sbi po and ssc cgl part 4 in hindi. Compound interest interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan. Simple interest the interest calculated every year on original principal, i.
Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. 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. Money borrowed by a borrower or the money lend by a lender is called. Free practice test on simple interest and compound interest. However, many people have difficulty in distinguishing between the two types of interest and how they should be calculated. Compound interest is calculated based on the principal, interest rate, and the time period involved. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. Principal the amount borrowed or the amount still owed on a loan, separate from interest. 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.
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 formulas for cat pdf. Simple and compound interest definitions, explanations. Compound interest problems with solutions for bank exams.
It is the interest calculated together on the principal amount and interest of the previous period of time. Simple interest and compound interest tricks pdf bankexamstoday. In exams we dont have time to calculate on paper with formulas. Money borrowed by a borrower or the money lend by a lender is called the principal p. While calculating compound interest, the simple interest which is calculated for the principal of first year will add to the principal which we taken already. Short tricks of compound interest questions in hindi. When a person or bank lends money to a borrower, the borrower usually has to pay an extra amount of money to the lender. This amount is paid back to the lender along with the original amount borrowed. Learn tricks to solve simple interest and compound interest. 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. In other word it is same as simple interest except it includes interest on interest for successive years. Compound interest aptitude compound interest questions.
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%. It is a method for calculating the interest earned or paid on a certain balance in a. A sum of money lent out at simple interest amounts to rs. 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. Interest formulas for simple and compound interests with. Compound interest tricks in hindi for ibps bank po examsssc cglssc chsl. Simple interest and compound interest bank exams today. The interest is added to the principal at the end of each period to arrive at the new principal for the next. Starting from basics to covering difficult concepts with theory and sample questions. In compound interest, interest has to be compounded annually. Tips and tricks for all chapters topic wise pdf download. Simple interest and compound interest basic concepts and tricks.
In exam you could also find problems that involve both simple and compound interest. The interest for the first month is same in both simple interest and compound interest. Previous years questions asked in these exams including shortcuts and tricks to solve these questions. Simple and compound interest 8 home austin partners in. It makes a deposit or loan grow faster as compared to simple interest. The interest calculated on the amount initially invested or loaned.
Simple and compound interest foldablethis colored foldable will help your students to learn simple and compound interest. Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. If you know time management then everything will be easier for you. 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.
Welcome to the lets study together online free pdf section. Simple interest and compound interest tricks pdf ques 1. This pdf is provided to make you the master of the topic. Simple interest tricky ebook pdf download hello friends. The time for which it is borrowed or lent is called time period t. Nov, 2019 find out the differences between simple and compound interest. Compound interest is the addition of interest to the principal sum of a loan or deposit.