This means that the interest does not earn any extra interest on itself, it is simply generated one time only. Simple interest tricks in tamil tnpsc study materials. We post video classes of arithmetic, reasoning and gk concepts for all all bank exams ibps po, ibps clerk, ibps so, sbi po, sbi clerk, sbi specialist office. Simple and compound interest for competitive exams youtube. If principal p, rate r% per annum, time t years, then simple interest s. Download our app today to manage recruitment when ever and. The amount at the end of year will become principal for the next year and so on.
If the difference between the compound interest and simple interest on a certain sum of. A sum of money at simple interest n1 itself in t1 year. Compound interest solved problems using compound interest shortcuts. 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. Typically, the amount of interest is expressed as a certain fraction or percentage, of the principal amount. Youll be buying that island in the caribbean in no time, we promise. Hi friends, in this post we are about to learn how to calculate simple interest and compound interest with some short tricks. Simple and compound interest with basic tricks and.
Simple, compound, and continuous interests main concept interest is the price paid for the benefit of borrowing money for a certain period of time. In exams we dont have time to calculate on paper with formulas. After completing the basics of compound interest, we now focus on the application of this important cat quant topic. Simple and compound interests questions and answers. Various applications and formulas based on this concept are explained here. Simple interest quantitative aptitude mcq questions. Various shortcut formulas has been explained in detailed manner. Simple interest and compound interest tricks for bank po, sbi po and ssc cgl part 4 in hindi.
Problems based on difference between compound interest and simple interest have been solved in this video. How to understand the simple interest and compound interest. Algebra i simple and compound interest common core aligned lesson plan with homework this lesson plan includes. In this video, learn about compound interest, interest rates, and the compound interest formula. This post also contain some definitions, short tricks types and important questions. To find simple interest, multiply the principal by the number of years and. 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. Simple interest simple interest tricks simple interest. Compound interest t time in years r interest rate per year. How much will you earn if you go either the simple or compound interest routes. Simple interest is calculated only on the principal amount, or on that portion of the principal amount that remains unpaid. These are very useful skills to have for financial reasons, and this video can be very useful for calculating interest on simple problems. Simple interest formula examples, solutions, videos. Understand the fundamentals of simple interest to solve complex problems with ease.
This addition of interest to the principal is called compounding. Download the groww app and invest in mutual funds in 0% commission s. Suppose a simple interest is levied on an amount for 5 years at a rate of 10% annually. Money is said to be lent at compound interest when at the end of a year or other fixed period, the interest that has become due is not paid to the lender, but is added to the sum lent, and the amount thus obtained becomes the principal in the next year or period.
In easy words, it can be said as interest on interest. Interest formulas mainly refer to the formulas of simple and compound interests. It will become n2 times of itself in if rate is constant trick 4. 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. This video goes through several example problems of finding interest gained from money invested in a bank account as well as interest to be paid on a loan. Effort has been made to give you knowledge about latest shortcut method. Simple and compound interest problems with solutions pdf. Simple interest simple interest and compound interest youtube. Hindi simple interest and compound interest tricks and problems unacademy choose goal. Simple interest in telugu part1 shortcuts and tricks explained in telugu medium download high quality study. Simple interest compound interest problems with solutions pdf download. It is money paid by borrower for using the lenders money for a specified period of time. How to calculate the simple interest formula, how to solve interest problems using the simple interest formula, examples and step by step solutions, how to use the formula for simple interest to find the principal, the rate or the time, compound interest formulas, continuously compounded interest formulas, how to solve simple interest problems in real life, compound interest problems. Simple and compound interest part 6 in hindi sign up now.
This video is highly rated by class 8 students and has been viewed 642 times. 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. The interest is added to the principal at the end of each period to arrive at the new principal for the next period. Similarly, for second, third, fourth and fifth year 10% each. Shortcut tricks to solve simple interest 2 shortcut rules to solve problems on simple interest effective for ibps po sbi po exam. Simple and compound interests is an important topic for.
Just to repeat, this lesson is on simple interest and does not teach compound interest. Apr 14, 2020 simple interest vs compound interest class 8 video edurev is made by best teachers of class 8. Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Simple and compound interest formulae, concepts and shortcuts. 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 and compound interest tricks 1 governmentadda. In this free online course you will learn why simple interest is called simple interest, how simple interest is used in daily life and how it is calculated. Interest formulas for simple and compound interests with. For example, the rate of interest is 10% per annum means the interest payable on rs 100 for one year is rs 10. 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. Simple interest vs compound interest class 8 video edurev. There are other videos on compounding continuously. For example,4000 dollars is deposited into a bank account and the annual interest rate is 8%.
Difference between simple interest and compound interest. Simple and compound interest part 6 with basic tricks and. Simple interest and compound interest tricks pdf bankexamstoday. It is also well known that compound interest problems are quite tedious as compared to simple interest problems and are relatively time taking as well. In simple interest, the total amount would be 0 and in compound interest, the total amount would be 31.
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. 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. Simple interest and compound interest problems and solutions pdf. Math video simple interest compound interest free downloads. 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. You will need unarchiving software to extract the files once. 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 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 part2 ssc cglbank po. This page contains links to downloads of the high resolution pdfs of infographics on the site. Easy simple interest part 1, basics and methods, shortcuts, tricks. The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce. Important formulas and short cuts on simple interest.
Rrb, 2009 the compound interest on a sum for 2 years is rs. These simple interest solved examples with shortcuts and tricks will help you learn and practice for your placement test and competitive exams like bank po, ibps po, sbi po, rrb po, rbi assistant, lic,ssc, mba mat, xat, cat, nmat, upsc, net etc. I p t r 100 the above expression involves four quantities. How to quickly find rate of simple interest save over 45 seconds. If an amount p1 is lent out at simple interest of r1% per annum and another amount p2 at simple interest rate of r2% per annum, then the rate of interest for the whole sum can be given by trick 3. Simple interest and compound interest shortcut tricks pdf. Tnpsc simple interest tricks in tamil maths video tricks in tamil, our providing more online maths materials as well as more maths tricks video it will helpful for all for competitive exams like tnpsc,upsc,trb,tet,rrb,bank etc.
Lets go through some compound interest solved problems and learn how to use and implement compound interest shortcuts in actual problem solving. Simple interest and compound interest shortcut tricks. Complete compound interest mathematics video tutorial. Cat simple interest shortcuts that you can use to solve cat simple interest questions well, in the first article for simple interest and the previous prepplan post, we explored the basic definition and formula for simple interest. Lecture notes pdf, powerpoint, and smart notebookblank lecture notes pdf and smart notebooklecture handout pdf compound interest spreadsheet excelhomework pdfanswer key pdf you do not need to have smart notebook or powerpoint to receive the full benefits of this. Compound interest is one of the toughest chapter which leaves candidates a bit confused and most of the aspirants leave these questions untouched. We will only be looking at simple interest where the money is paid out at regular times, and is not left to compound and grow. This course is on simple and interest compound, solving the problems by ratio method. If you know time management then everything will be easier for you.
Sep 04, 2015 simple interest and compound interest tricks. Compound interest shortcut tricks math shortcut tricks. This pdf is provided to make you the master of the topic. Simple and compound interest for competitive exams part 1 of 2. If the interest on a sum of money borrowed for a certain time period is reckoned uniformly, it is called as simple interest. Candidates from over all india can apply for the exam. Simple interest and compound interest program details. If rate of interest is r1% for first year, r2% for. Tooltip 1 change in simple interest when time changes. Compound interest shortcuts for bank po, ssc cgl, ibps, sbi. In our lesson on simple interest, we covered details for installment questions based on that topic. In fact, installments is one of the most important application of compound interest and it is a tricky topic too. Simple interest simple interest tricks find amount. This lesson comprises of concept related with change in interest.
Important short tricks to solve compound interest questions. Simple and compound interest tricks for bank po youtube. The difference between the compound and simple interest for 3 years will be. Now, lets discuss the basic difference between simple interest and compound interest. Dear readers, welcome to quantitative aptitude simple interest questions and answers with explanation. Simple interest and compound interest problems and. Basically, simple interest is interest paid on the original principal only. 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. There are many competitive exams have come in recent years.
Problems in this topic needs more focus on percentage. Simple vs compound interest is not hard to understand. Simple and compound interest with basic tricks and shortcut part 1 in. Jul 23, 2017 the difference between the compound and simple interest for 3 years will be. Hindi simple interest and compound interest tricks and. Compound interest shortcuts for bank po, ssc cgl, ibps. Download the groww app and invest in mutual funds in 0% commission simple interest simple interest. Simple interest and compound interest tricks youtube. Bank c keeps your money at compound interest and offers you 5% interest. Simple interest part one passys world of mathematics.
Simple vs compound interest period fv simple interest fv compound interest rate pv x y pick a year. Simple interest help video in middle school math pre algebra. Compound interest arises when interest is added to the principal, so that from that moment on, the interest that has been added also itself earns interest. Remember, till the time you actually solve questions using these tricks, you wont be able to memorize and understand them. When interest is calculated on the original principal for any length of time it is called simple interest. Simple and compound interest lesson plan with homework by. After three years, in simple interest, the total amount would be 0 and in compound interest, the total amount would be 31. Compound interest, as the name implies, is a little more complicated but this course explains the concept clearly and covers the methods used for calculating compound interest. To find compound interest for two years, when simple interest is given. Simple and compound interest tricks 2 governmentadda. The process is repeated until the amount for the last. Compound interest is difference between the original principal and final amount is called compound interest ci. Simple and compound interests questions and answers, formulas, shortcut tricks,test download pdf unknown at 5.
So the competitive level is goes on high every year. Today i am going to share simple interest and compound interest tricks and shortcuts. Download the groww app and invest in mutual funds in 0% commission. So, if you are off on a trip to a village that is not on the map, you can download 2 classes ahead of. As you can see, youll earn more with gics that pay compound interest because your principal grows with each interest payment. Compound interest part 1 greetings fellow onlinetyari subscribers, in the previous article, we discussed the shortcut to solve simple interest problems. It makes a deposit or loan grow faster as compared to simple 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. Complete compound interest mathematics video tutorial best explanation rakesh yadav sir. The simple interest was never so simple in the books and now its our duty to provide you the solution for your maths problems.
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