There are many competitive exams have come in recent years. The interest is added to the principal at the end of each period to arrive at the new principal for the next. Extremely helpful to crack entrance exams like mba, banking. Instead of using formula, let us learn the quick way to solve this problem, we can go by the percentage concept and get the required answer. An application of exponential functions is compound interest. Cheat sheet 2 math 141 let a accumulated balance after y years p starting principal apr annual percentage rate as a decimal n number of compounding periods per year y number of years may be a fraction pmt regular payment deposit amount a in ation rate a decimal i interest rate a decimal simple interest formula. Math compound interest study notes shortcuts and tricks by maths mirror amit sir pdf download. 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. 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. Here, on this page, we are providing some shortcuts for problem solving related to this formula through which you can get idea of solving and.
Oct 29, 2019 shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Percent is derived from a phrase in latin per centum which means per hundred. Quantitative aptitude for competitive examinations free. Mostly all the competitive exams have some regular topics such as general intelligence and reasoning,quantitative aptitude, and general knowledge. Compound interest formulas, shortcuts and practice problems. Simple interest and compound interest problems and solutions pdf. So the competitive level is goes on high every year. Hello friends, if you are also searching for quantitative aptitude by kiran prakashan pdf free download, kiran chapterwise maths pdf, kiran ssc mathematics chapterwise pdf, kiran ssc mathematics pdf then you have come to the right place. Simple interest and compound interest by ramandeep singh page 5 5. The compound interest formula is used to solve financial problems related to price or numbers. We all know that while calculating the compound interest, we get interest not only on the principal amount but also on the previous years interest. Candidates from over all india can apply for the exam.
When you buy a bond, it works as a loan to the governmentor company that. 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. Compound interest problems with solutions for bank exams. In this blog post, we will cover all the important aspects of this topic. Categories maths study material tags compound interest, mathprep, mathquestions, math shortcuts, pdf, pdf download, simple interest, studymaterial, studynotes leave a comment post navigation official notice. Tricks problems ibps clerk pre objectives, tricks problems cet, short, mcqs with answers pdf, competitive exams free download, quiz questions. Daily 23 hrs practice of quantitative and aptitude makes, numerical ability and accuracy high. Simple interest and compound interest shortcut tricks pdf download links are given at the end of the post. And in compound interest, the total amount would be 31. The interest calculated every year on original principal, i.
This is very important to learn and practice shortcuts of quant as most of the questions asked in quant are tricky and can be solved within seconds using these tricks with high accuracy and speed. Compound interest shortcut tricks math shortcut tricks. 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. If the difference between simple interest and compound interest on a certain sum of money at 10% per annum for 3 years is rs 2 then find the sum. First, list the other variables in the equation a and specify their given values. Now, lets discuss the basic difference between simple interest and compound interest.
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 rate of interest is r1% for first year, r2% for second year and r3% for third year, then. If you know time management then everything will be easier for you. Simple interest and compound interest shortcut tricks pdf. I are same for the first year on the same sum and at the same rate percent in s. Few examples on simple interest and compound interest shortcuts is given in this page below. Aug 23, 2018 exam tyaari brings you the 101 shortcuts in quantitative aptitude english complete book with pdf download available. Interest is money paid or earned for the use of money. Simple interest and compound interest tricks youtube. Aptitude test 65 questions with explanation pdf free download questions and answers with. 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.
It is money paid by borrower for using the lenders money for a specified period of time. A sum of money placed at compound interest doubles itself in 3 years. Simple interest and compound interest shortcut tricks. Benefits and free excel download understanding how money works and positioning it to work for you is critical to wealth creation. From the given information, p becomes 2p in 3 years. Important short tricks to solve compound interest questions. When you put money in the bank for example,youre essentially loaning the bank your money,so that they can lend it to someone else. Jul 23, 2017 today i am going to share simple interest and compound interest tricks and shortcuts. Exams like ibps, rrbs, rbi, ssc quantitative and aptitude will be awarded with 50 to 100 marks. Hi friends, free ebook of maths mirror, one of the eminent name in the education industry. Here, on this page, we are providing some shortcuts for problem solving related to this formula through which you can get idea of solving and can practice from these problems.
Top important aptitude shortcuts combo october 12, 2017. 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. This money added to the balance is called interest. Aptitude shortcuts and mind tricks to find simple interest and compound interest 1 free download as pdf file. Simple and compound interestsimple and compound interest. How to get shortcut key for computer awareness and rrb ntpc compound interest. Ghatna chakra 100 shortcut mind maths tricks pdf download dears readers. We cover an extremely useful set of compound interest shortcuts, tips, tricks, and results. Dec 12, 2018 now as you can see that if you go by the formula, it is very tedious task. Join our free preparation group where i provide special content not available anywhere else. In how many years will it amount to four times itself. All mathematical shortcuts compound interest interest. If the difference between the compound interest and simple interest on a certain sum of money for 2 years at r% per annum rate is rs. Problems on compound interest shortcuts for problem solving.
Compound interest t time in years r interest rate per year. When interest is calculated on the original principal for any length of time, it is called simple interest. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Mar 04, 2018 sum of principal and interest and is denoted by a. Important formulas and short cuts on simple interest. If a sum amounts to a1 in t1 years and a2 in t2 years.
I, interest is calculated on the original principal only for all the years. Simple interest and compound interest problems shortcuts. Compound interest if sum a becomes b in t1 years at compound interest, then after t2 years rs becomes 1100 after 4 years at certain compound interest rate. A sum of money becomes double itself in 5 years at compound interest. There are quite a few examinations especially exams that feature objective type questions which require quick problem solving. When money is invested in an account or given out on loan a certain amount is added to the balance. Interest is the fixed amount paid on borrowed money. Indian organizations and their heads 2020 pdf free quadratic equation shortcut tricks. Get free download shortcuts in quantitative aptitude book by disha publication available on site. Aspirants can downloads quantitative aptitude pdf form below. This pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. Jun 24, 2018 math compound interest study notes shortcuts and tricks by maths mirror amit sir pdf download. A12 appendix b financial literacy lesson tutorials b.
If the interest is calculated on the previous years amount instead of principal except for the first year then it is called a compound interest. Ghatna chakra 100 shortcut mind math tricks pdf download. Simple interest and compound interest tricks pdf bankexamstoday. How to find out compound interest quickly bankexamstoday.
The sum of the principal and interest is called the amount. Simple interest simple interest tricks find amount. Compound interest question and answers with easy solutions in aptitude topic are present here. The focus of this article is purely to explore different compound interest tricks, shortcuts and results that can be used to solve problems quickly. Compound interest shortcuts compound interest ci questions can be solved in less than 20 secs using these smart and shortcut tricks on compound interest. Shortcut tricks are very important things in competitive exam. Simple and compound interest tricks 1 governmentadda. 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. To find compound interest for two years, when simple interest is given. This might sound obvious but it is a fact that not enough people are making this real in their lives. Jan 24, 2020 this pdf is not related to mynotesadda and if you have any objection over this pdf, you can mail us at email protected tags. 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. 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.
Interest is what someone will pay youto borrow your money. Learn the important and tricks to solve questions based on compound interest. As you all know how important math plays in every competitive exam, and getting good numbers in math is not a game, if your preparation is better than other. It is the interest which is calculated not only on the principal amount invested but also on the interest earned in previous periods. A sum of money lent out at simple interest amounts to rs. First of all let us discuss the traditional method of solving simple interest question using the formula given below. Find the amount to be paid back on a loan of find the.
In exam you could also find problems that involve both simple and compound interest. Students ghatna chakra mind maths 100 golden shortcut methods. It evolved as a concept so that there can be a uniform platform. If the difference between the compound interest and simple interest on a certain sum of. Today i am sharing a pdf which contains tricks and shortcuts to solve one of the aptitude maths topic simple and compound interest. As questions are based on previous year papers, there are chances that candidates will find many questions from the compound interest questions pdf in all competitive exams. 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 gr8ambitionz prepare for ibps po x. If you have any queries, feel free to ask us in the below comment section.
Simple interest and compound interest shortcuts with examples. Problems on compound interest shortcuts for problem. Ssc mathematics chapterwise solved papers kiran pdf. In how many years will it become 8 times of itself. Simple interest and compound interest basic concepts and.
By solving compound interest problems, you are become expert and used to solve problems based on compound interest formula. Compound interest is very significant topic in todays world. Today i am going to share simple interest and compound interest tricks and shortcuts. Aptitude test 65 questions with explanation pdf free download section. Aptitude shortcuts and mind tricks to find simple interest and.
Most important simplification tricks and techniques. If a sum of money becomes n1 times itself at compound interest in t1 years then after t2 sum will be. Compound interest formulas and ci practice problems using shortcut tricks. There are understandable, simple solutions useful for rrb alp, group d and bank jobs. Math handwritten compound interest class notes are compiled in english and consolidated in a single pdf. Compound interest tricks learn compound interest with. A sum of money invested at compound interest amounts to 800 in 2yr and 840 in 3yrs. Sici questions for sbi poclerk, rbi grade b, syndicate bank, bob, ippb.