# Simple Interest And Compound Interest Aptitude Questions And Answers Pdf

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## Aptitude - Simple Interest

Solved examples with detailed answer description, explanation are given and it would be easy to understand. Here you can find objective type Aptitude Simple Interest questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided. You can easily solve all kind of Aptitude questions based on Simple Interest by practicing the objective type exercises given below, also get shortcut methods to solve Aptitude Simple Interest problems. A sum of money at simple interest amounts to Rs. The sum is:.

Post a Comment. Questions regarding finding Simple Interest and Compound Interest are asked in almost all entrance examinations and candidates need to practice this section very hard to score good marks and hence good position in merit list. You can also download this question paper in PDF to save it for future references or take print out. The simple interest on Rs. At what rate percent per annum will a sum of money double in 20 years? What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? A person invested in all Rs.

## Simple and Compound interest Aptitude formulas

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The process is repeated until the amount for the last period has been found. Hence, When the interest charged after a certain specified time period is added to form new principal for the next time period, the interest is said to be compounded and the total interest accurse is compounded and the total interest accrued is compound interest. Since 1 year has 4 quarters, therefore rate of interest will become th of the rate of interest per annum, and the time period will be 4 times the time given in years. Hence, for quarterly interest,. To avoid confusion between stated rates and effective rates, we shall continue to use r for the stated rate and we will use r e for the effective rate. Save my name, email, and website in this browser for the next time I comment.

## Simple & Compound Interest PDF

Important formula and equations Principal: The money borrowed or lent out for a certain period is called the principal or the sum. Interest: Extra money paid for using other's money is called interest. Simple Interest SI : If the interest on a sum borrowed for certain period is reckoned uniformly, then it is called simple interest.

AllIndiaExams provides you lots of fully solved Aptitude Compound Interest questions and answers with explanation. Fully solved examples with detailed answer description.

#### Where can I get Aptitude Simple Interest questions and answers with explanation?

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