The sum of the principal and interest is called the amount. Simple interest questions quiz 1 for bank, ssc, insurance. The time for which it is borrowed or lent is called time period t. Simple interest is based on the principal amount of a loan or deposit, while compound interest is. Simple and compound interest problems for bank exams rbi. Through this course, sankalp will be discussing simple interest and compound interest. The simple interest obtained when a sum of money is invested for 4 years at 18 % per annum is rs.
This course will be useful for banking and other aspirants. Problems on simple interest and compound interest for bank. 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. The papers for banking and ssc exams may focus on the one or the other concept related to banking and commerce. Quantitative aptitudesimple and compound interest key.
Simple interest and compound interest topic is very important as far as banking, ssc and railway exams are concerned. These mcqs are also very helpful to solve quantitative aptitude problems in various competitive exams like. This simple and compound interest questions answers are applicable for any kind of entrance exam or job related exam especially for bank exams, gmat, cat, sbi po practice as much as you can so gather knowledge of how to answers simple and compound interest critical in short time and this can be a big factor for cracking any exam. Simple interest and compound interest problems and solutions pdf. So the competitive level is goes on high every year. Simple and compound interest questions for rrb ntpc set4 download rrb ntpc simple and compound interest questions set4 pdf.
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. Sbi clerk simple and compound interest questions and answers. 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 problems or questions with solutions covered for all competitive exams like bank exams, interviews and quizzes.
Compound interest question and answers with easy solutions in aptitude topic are present here. In the simple interest questions, you have to calculate interest according to the time and rate whereas, in compound interest questions you have to add interest to the principal sum of deposit, or in other words, interest on interest. Simple interest and compound interest questions for. Consider that the simple interest on a sum is inr 1600 when the. Simple interest problems and solutions for bank exams.
We hope this simple interest and compound interest questions pdf for tissnet with solutions will be helpful to you. Questions and formulas related to general interest are available in this subject. This pdf is provided to make you the master of the topic. Simple and compound interest questions for rrb ntpc set4. Simple interest is one of the easiest but tricky topic in aptitude. If the compound interest on a certain sum for two years at 10% p. This is a special episode on simple and compound interest having variety of questions asked in different competitive exams. Money borrowed by a borrower or the money lend by a lender is called the principal p. The extra money paid by the borrower to the lender is. Rrb, 2009 the compound interest on a sum for 2 years is rs. Compound interest question pdf for ssc, railway exam. Welcome to the lets study together online free pdf section. Knowledge of percentage concepts are extremely important. Interest is the fixed amount paid on borrowed money.
Simple interest questions quiz 1for bank, insurance and railways exams like sbi clerk pre, ibps clerk pre, ibps rrb pre, sbi po pre, ibps po pre, sbi so pre, ibps so pre, uiic, lic, niacl, nicl, oicl, rrb group d, loco pilot, practice simple interest quizzes with short tricks for sbi clerk pre 2018,simple interest question with answer at free of cost. Try to solve compound interest questions yourself with the help of answers and. Daily 23 hrs practice of quantitative and aptitude makes, numerical ability and accuracy high. Simple interest and compound interest questions are mostly asked in banking exams. Simple interest and compound interest problems and. The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded. Compound interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. Top 10 rrb ntpc questions based on asked questions in previous exam papers very important for the railway ntpc exam. The amount obtained by the way of interest in compound interest amount principal rs. Compound interest questions and answers for banks exam and. Find the amount to be paid back on a loan of find the. Quantitative aptitude for competitive exams fdaytalk.
Problems in this topic needs more focus on percentage. We also cover basic topics like maths, geography, h istory, polity, etc and study materials including previous year question papers, current affairs. Rrb je, ssc cgl, ssc chsl, rrb ntpc exams are started after a few. Mockbank brings you aptitude tests for sarkari naurki exams. Simple and compound interest formula in hindi pdf download. Quantitative aptitude questions simple interest day37 march 12, 2018 quantitative aptitude questions simple interest and compound interest for sbi clerk 2018 day. Important interest based questions for banking exams with detailed. Simple interest and compound interest archives ibps guide. Practice with compound interest questions and answers for better results in exams. Find the compound interest on a principal amount of rs. Simple compound interest questions answers problems online. Exams like ibps, rrbs, rbi, ssc quantitative and aptitude will be awarded with 50 to 100 marks.
When interest is calculated on the original principal for any length of time, it is called simple interest. The course will cover simple interest and compound interest concepts and questions related. Compound interest question with solution free pdf compound interest ci question asked in previous year exam. There are many competitive exams have come in recent years. Aptitude questions and answers for freshers on simple and compound interest. Simple interest and compound interest problems are very important in all entrance exams. Then find the balance after the given number of years.
Important for ssc cglchsl, ibps, sbi, cds and other bank exams. Sbi clerk simple interest and compound interest questions pdf. Basics of simple interest, compound interest for banking, ssc. Common questions are placed in simple and compound interest pdf. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. Sbi clerk pre 2018 simple interest tricks maths day. Simple interest and compound interest for all competitive exams theory. Both simple interest and compound interest are available in this pdf. Simple interest and compound interest problems for bank exams. This pdf of simple interest is helpful for your competitive exams like ibps po, rrb, clerk, sbi po, cat. Simple and compound interest aptitude questions and. Simple interest and compound interest for banking exams. This pdf of simple interest is helpful for your competitive exams like ibps po, rrb, clerk, sbi po, cat and your placement programs. These compound interest questions have been asked in competitive exams and there are chances to ask again in other competitive exams.
Compound interest problems with solutions for bank exams. Simple interest question and answers with easy solutions in aptitude topic are present here. In every exam you will get at least 34 questions from this topic. When a person or bank lends money to a borrower, the borrower usually has to pay an extra amount of money to the lender. Simple and compound interest problems for bank exams. Since questions are more or less similar to the coaching done these questions take the least time and have a accuracy rate of 90100%. We have free practice compound interest sums, shortcuts and useful tips. Using these model questions, students preparing for competitive exams like bank po clerk exams, cds exams, nda, ssc competitive exams, insurance exams like l. He invested the remaining in a fund that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest received rs. The third kind of question provides us with the simple interest for a sum of money and then asks us to compute the compound interest for the same parameters meaning the same rate of interest and time. Write a compound interest function to model the situation. Ajay invested half of his savings in a mutual fund that paid simple interest for 2 years and received rs. In quantitative aptitude, usually all the topics are same, never changed for. There are understandable, simple solutions useful for rrb alp, group d and bank jobs.
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