Simple Interest and Compound Interest Tricks and Shortcuts For Bank Exams: Download PDF
Apr 20 2023
Simple Interest and Compound Interest Tricks and Shortcuts For Bank Exams: Simple interest and compound interest tricks and shortcuts pdf is available here. Candidates who are effectively preparing for their forthcoming bank exams and other competitive exams can utilize this simple interest and compound interest tricks. Simple interest and compound interest is one of the most important topics in the quantitative aptitude section of the bank exams and other competitive exams. In most of the bank exams such as sbi clerk, sbi po, ibps clerk, ibps po, rrb clerk, rrb po and other insurance exams simple interest and compound interest questions plays a prominent role. So candidates must be aware of the simple interest and compound interest tricks to solve any type of questions with more speed and accuracy. These simple interest and compound interest tricks will also help you to make your calculations simpler. We have attached simple interest and compound interest tricks pdf in this simple interest and compound interest shortcuts for bank exams article. Candidates shall download the simple interest and compound interest tricks pdf for bank exams to solve various types of questions simply.
Simple Interest and Compound Interest Tricks and Shortcuts PDF For Bank Exams
Simple interest and compound interest tricks pdf is attached in this simple interest and compound interest tricks for bank exams post. Aspirants can download this simple interest and compound interest tricks pdf to maximise their scores in the quantitative aptitude section of the bank exams by practicing simple interest and compound interest questions with the simple interest and compound interest tricks. Download this simple interest and compound interest tricks pdf for your future reference.
Download simple interest and compound interest tricks and shortcuts pdf for bank exams
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Simple Interest and Compound Interest Tricks and Shortcuts For Bank Exams
The important simple interest and compound interest tricks are provided in this simple interest and compound interest tricks for bank exams post. Candidates can get good marks in the bank exams by exploiting the simple interest and compound interest tricks. In most of the bank exams we are required to solve the questions within an allotted time and with accuracy. So by making use of these simple interest and compound interest tricks you can have the ability to solve any level of questions simply. Here you can find the useful simple interest and compound interest tricks for bank exams to solve the questions easily.
- Firstly, the candidates need to know the basic concepts of simple interest and compound interest to understand the questions to solve.
- The aspirants must be familiar with the important simple interest and compound interest formulas to solve any type of questions. The simple interest and compound interest formula pdf for bank exams is attached in this simple interest and compound interest tricks for bank exams post.
Download simple interest and compound interest formula pdf for bank exams
- Simple interest is always calculated on Principal.
- Compound Interest is always calculated on the Amount (Principal + Interest).
- If interest compounded Half Yearly,
If interest is compounded Half yearly Then, we should consider n=2,
Hence the formula for Amount A = P*[1+ (r/2*100)]^{2n}
- If interest compounded Quarterly,
If interest is compounded Quarterly Then, we should consider n=4,
Hence, Formula for Amount A = P*[1+ (r/4*100)]^{4n}
- If interest compounded Monthly,
If the interest is compounded monthly then, n=12.
Hence, formula for Amount A = P ( 1 + (R/100) X 12 )12T
Practice simple interest and compound interest questions - Free pdf
We hope that these simple interest and compound interest tricks for bank exams will be useful for your future competitie exams. By exploiting these simple interest and compound interest tricks you will get to know the important simple interest and compound interest tricks. Keep in touch with our guidely team to achieve victory in the upcoming bank examinations.
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Simple Interest and Compound Interest Tricks and Shortcuts For Bank Exams FAQs
Q. How to find the compound interest if interest is compounded quarterly?
A. If interest compounded Quarterly,
If interest is compounded Quarterly Then, we should consider n=4,
Hence, Formula for Amount A = P*[1+ (r/4*100)]^{4n}
Q. What are the important simple interest and compound interest tricks and shortcuts for bank exams?
A. The important simple interest and compound interest tricks and shortcuts for bank exams are mentioned in the above article. Kindly go through the above simple interest and compound interest tricks for bank exams post to know more simple interest and compound interest tricks.
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