A sum of money placed at compound interest becomes x time in a years and y times in b years. The sum lent is called the principal the sum of the principal and interest is called the amount. Many banking exams include questions based on compound interest, which can. 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. And compound interest shortcut tricks maths algebra, math. In easy words, it can be said as interest on interest. We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. It evolved as a concept so that there can be a uniform platform.
Simple interest and compound interest shortcut tricks pdf. Tricks to find simple interest and compound interest 1 free download as pdf. 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. Compound interest tricks learn compound interest with. 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. A sum of money lent out at simple interest amounts to rs. Percent is derived from a phrase in latin per centum which means per hundred. As soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. Simple and compound interest problems with solutions pdf.
In this chapter we will study simple and compound interest. In exams we dont have time to calculate on paper with formulas. 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. The magic of compound interest, explained magnifymoney. Now, lets discuss the basic difference between simple interest and compound interest. For tet teacher exams maths pedagogy notes in hindi pdf for ctet uptet and other state tet exams. Write a compound interest function to model the situation. These two sums can be related by the following formula. Maths short tricks in hindi pdf download mathematics shortcuts. Today, we are going to discuss a very interesting topic simple and compound interest.
The sum of the principal and interest is called the amount. On the basis of these ideas we will learn trick and tips of shortcut simple interest and compound interest. Quantitative aptitude tricks by ramandeep singh page 1 quantitative aptitude tricks pdf download topics. 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. Jan 08, 2018 quantitative aptitude concept wise explanation free kindle book. Simple and compound 8 interest interest is the fee paid for borrowed money. Bakshi pdf freebook kirans ssc mathematics solved papers pdf. This course is based on simple and compound interest. And compound interest shortcut tricks question paper trick questions.
Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. Jul 23, 2017 the difference between the compound and simple interest for 3 years will be. Compound interest shortcut tricks shortcut tricks are very important things in competitive exam. Simple interest and compound interest shortcut tricks. Aptitude shortcuts and mind tricks to find simple interest and.
Apr 04, 2018 quantitative aptitude for competitive examinations. The first way to calculate compound interest is to multiply each years new balance by the interest rate. 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. If you know time management then everything will be easier for you. 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. The short cut method will help you save time and reduce calculations so you. Sbi clerk prelims 2018 compound interest by ratio method. Hindi short tricks on simple and compound interest for.
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. This tricks is very useful for all competitive exam aspirants. 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%. 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. By the end of it, we shall be familiar with the basic formulas used for the calculation of simple and compound interest.
Simple interest and compound interest concepts bankexamstoday. Simple interest simple interest tricks simple interest. This post also contain some definitions, short tricks types and important questions. Jun 24, 2018 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. Hello friends, in this article we are going to share some most important short tricks of compound interest problems in hindi as well as english language. 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. In this post we are going to share some most and useful short tricks of simple interest questions in hindi. Learn the important and tricks to solve questions based on compound interest. We pay interest when we use other peoples money such as when we borrow from a bank or a friend. Mathematics compound interest formulas, tricks with examples. Important short tricks to solve compound interest questions. In this page, you will learn about compound interest maths, short tricks in english. It makes a deposit or loan grow faster as compared to simple interest.
Shortcut tricks to solve compound interest problems solving ci problems using smart tricks. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. Today i am going to share simple interest and compound interest tricks and shortcuts. 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. This topic is very important for 2019 exam preparation. Compound interest is difference between the original principal and final amount is called compound interest ci. 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. For condition 1, a sum of money becomes x times in a years. Hi friends, in this post we are about to learn how to calculate simple interest and compound interest with some short tricks. The more money you earn over time, the more your money will grow.
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 by ramandeep singh page 5 5. Simple interest and compound interest formulas with examples for competitive exams online calculator for simple and compound interest to our daily life. Simple and compound interest problems with solutions pdf download ebook. First of all let us discuss the traditional method of solving simple interest question using the formula given below. Compound interest shortcut tricks math shortcut tricks. Quantitative aptitude concept wise explanation free kindle book. It is money paid by borrower for using the lenders money for a specified period of time. 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. Simple interest and compound interest tricks pdf bankexamstoday.
Simple interest and compound interest formulas with online. The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs. Free math study material for ssc cgl, ssc cpo, ssc cpo, tier 1, tier 2. Short cut solving methods of quantitative aptitudes compound interest problems with examples. May 23, 2018 as soon as you learn compound interest short tricks, you will be able to solve questions in just 5 sec. Exams like ibps, rrbs, rbi, ssc quantitative and aptitude will be awarded with 50 to 100 marks. 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.
Learn important compound interest shortcuts and tricks that you can used in. Compound interest formulas, tricks with examples edudose. The difference between the compound and simple interest for 3 years will be. Quantitative aptitude for competitive examinations free download. 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. The interest at which compound interest accumulates depends on the frequency. In such cases, the amount after first unit of times becomes the principal for the second unit. Problems have been solved with simple tricks and clear explanation has been given to understand them properly. Compound interest is the interest calculated on the initial principal and the accumulated interest of previous periods of a deposit or loan. 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. Simple and compound interest problems with solutions pdf download. Here we shared mathematics shortcuts in pdf for competitive exam preparations such as ssc, ibps, clerk and others. 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.
In this website we provide few shortcut methods on simple interest and compound interest shortcut tricks. Tips and tricks for all chapters topic wise pdf download freebook. Tooltip 5if the compound interest on a certain sum. By using this simple trick on simple interest problems, we can able to solve any to any problem in this topic and get answers very quickly than using normal methods. In this video we are going to learn how to solve compound interest problems with short trick. Interest is the fixed amount paid on borrowed money. We use the basic formula for calculating compound interest. You can also check all other ssc cgl 2017 question paper here.
When the rate % is not same for every year and interest is taken on yearly basis then amount can be calculated as. Uptet and ctet mathematics previous year solved paper in hindi paper 1. Then find the balance after the given number of years. 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. We receive interest when we let others use our money for example, by depositing money in a savings account or making a loan. Simple and compound interest tricks 1 governmentadda.