Simple Interest and Compound Interest Shortcut Tricks
Simple Interest and Compound Interest Shortcut Tricks
Shortcut tricks on simple interest and compound interest are one of the most important topics in exams. Competitive exams are all about time. If you manage your time then you can do well in those exams. Most of us skip that part. Here in this page we give few examples on Simple Interest and Compound Interest shortcut tricks. We try to provide all types of shortcut tricks on simple interest and compound interest here. We request all visitors to read all examples carefully. These examples will help you to understand shortcut tricks on Simple Interest and Compound Interest.
Before starting anything just do a math practice set. Write down twenty math problems related to this topic on a page. Do first ten maths using basic formula of this math topic. You also need to keep track of Timing. Write down the time taken by you to solve those questions. Now practice our shortcut tricks on simple interest and compound interest and read examples carefully. After finishing this do remaining questions using Simple Interest and Compound Interest shortcut tricks. Again keep track of the time. You will surely see the improvement in your timing this time. But this is not enough. You need to practice more to improve your timing more.
You all know that math portion is very much important in competitive exams. It doesn’t mean that other topics are not so important. But only math portion can leads you to a good score. A good score comes with practice and practice. You should do your math problems within time with correctness, and this can be achieved only by using shortcut tricks. But it doesn’t mean that without using shortcut tricks you can’t do any math problems. You may have that potential that you may do maths within time without using any shortcut tricks. But other peoples may not do the same. So Simple Interest and Compound Interest shortcut tricks here for those people. We always try to put all shortcut methods of the given topic. But it possible we miss any. We appreciate if you share that with us. Your little help will help others.
What is Interest?
When Borrowed some money from other for the personal or commercial purpose we pay some additional money to him after a certain period of time is called Interest. So we can also called this Interest as Simple Interest. This type of problem are given in Quantitative Aptitude which is a very essential paper in banking exam. Under below given some more example for your better practice.
Anything we learn in our school days was basics and that is well enough for passing our school exams. Now the time has come to learn for our competitive exams. For this we need our basics but also we have to learn something new. That’s where shortcut tricks are comes into action .
What is Principle?
The money borrowed for a certain time period called Principle or Sum.
What is Amount?
The Addition of Simple Interest and Principle is called the Amount.
A = S.I + P ( Principle ).
S.I = A ( Amount ) – P ( Principle ).
What is Per annul means?
Per annul means For a year.
P = Principle
R = Rate of per annul
T = Number of years
When we Add Simple Interest into Principle.It becomes into Amount.
Formulas Need to Remember
S.I =( P X R X T / 100 ).
Here, P = Principle.
R = Rate per annul.
T = Number of years.
Formula:
In case S.I ( Simple Interest ), T ( Number of years ) and R (Rate per annul ) are given in Question then we can easily find the Principle or Sum.
P = ( S.I X 100 / R X T ).
Formula:
In case S.I ( Simple Interest ), T ( Number of years ) and P ( Principle ) are given in question then we can easily find the R (Rate per annul ).
R = ( S.I X 100 / P X T ).
Example 1:
Find the simple interest on Rs 500 for 5 years at 5 per cent ?
Answer :
SI = 500 x 5 x 5 / 100
Simple interest in 5 years is Rs 125 .
Here is some Simple interest and Compound interest shortcut tricks sub link of Examples which help you better understanding.
More Shortcut tricks on Simple and Compound Interest
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i m a faculty of Quantative aptitude in a coaching institute in dehradun, i wants more tricks related to different topics ….. if any body have his own tricks or taken from somewhere else….. plz contact….. me ….or send it to my email id……chandan.tulera@gmail.com………….tricks should be ……. in a interval of 30 sec…..so that a question is to be solved under the interval of 30….sec…………………………………………………………………………………………….or can any one suggest me the books related to the tricks for aptitude or reasoning………
I am from MBIET (The Absolute Education Mentor). I am the HOD of Mathematics. Contact on provided email for any kind of help in education.
help me in getting the quantitative aptitude easily i am in search of jobs now and am unable to complete the compitative
online test
how to manage time during solving questions…
I always get late while solving the questions??
take a timer try to solv problem within time at home and keep practicing which hlp u in exam well …..
please send easy tricks based on simple&compound interest
pls provide quantitative app maths tricks pls help me. i have exam
follow… www.math-shortcut-tricks.com… best of luck for your exam
I have prepration for PO exam, I need more mathematical tricks for easy solve paper in exam.
also want tricks for
reasoning
data interpretation
numbering
quantitative
aptitude
all above tricks for will usefull my exam….
Give d more examples in several types…
Sir
Please provide shortcut tricks for compound interest installment questions