Simple Interest And Compound Interest short 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.

Now we will discuss some basic ideas of Simple Interest and Compound Interest. On the basis of these ideas we will learn trick and tips of shortcut simple interest and compound interest. If you think that how to solve simple interest and compound interest questions using simple interest and compound interest shortcut tricks, then further studies will help you to do so.

What is Interest ?

When some one take up 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 Principal ?

When money borrow for a certain time period called Principal or Sum.

What is Amount ?

The Addition of Simple Interest and Principal is called the Amount.
A = S.I + P ( Principal ).
S.I = A ( Amount ) – P ( Principal ).

What is Per annul means ?

Per annul means For a year.

    P =Principal
    R = Rate of per annul
    T = Number of years

When we Add Simple Interest into Principal. It becomes into Amount.

   Formulas Need to Remember

    S.I =( P X R X T / 100 )
    Here, P =Principal.
    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 Principal or Sum.
P = ( S.I X 100 / R X T ).

Formula:

In case S.I ( Simple Interest ), T ( Number of years ) and P (Principal ) 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.

Example 2: In What time Rs. 5000 amounts to Rs. 6000 at 5% P.A at simple interest ?
Answer : 1000 = 5000 x 5 x t / 100
t = 4 years.

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

    Find Simple interest based question

    Find The rate % based question

    Find Principle or Sum based question

    Compound Interest shortcut tricks