How To Solve Simple Interest Problems

How To Solve Simple Interest Problems-85
Solved examples with detailed answer description, explanation are given and it would be easy to understand.All students, freshers can download Aptitude Simple Interest quiz questions with answers as PDF files and e Books.If we go by the formula of simple interest, it will take a lot of time to solve this kind of question Watch this video to know the Golden Rules to solve SI & CI problems. The rate of interest for the first 2 years is 4% per annum, for the next 3 years is 7.5% per annum and for the period beyond 5 years 12.5% per annum.

Solved examples with detailed answer description, explanation are given and it would be easy to understand.

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So we find the difference in the number of years and the amounts.

The difference in number of years = 6 – 5 = 1 year The difference in amounts = Rs.

In this section you can learn and practice Aptitude Questions based on "Simple Interest" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

India BIX provides you lots of fully solved Aptitude (Simple Interest) questions and answers with Explanation.

Using this knowledge, we try to solve the problem visually. 50/ year ∴ SI for 6 years = 50 × 6 = 300Principal Amount = Amount after 6 years – SI for 6 years This problem could have easily been solved in your head using this method without writing down a single equation.

We know that simple interest is same for all the years. This could save you at least 45 seconds per question.

The variable for time, t, represents the number of years the money is left in the account.

Definition: simple interest If an amount of money, P, the principal, is invested for a period of t years at an annual interest rate r, the amount of interest, I, earned is $$I = Prt$$ where I = interest P = principal r = rate t = time Interest earned according to this formula is called simple interest.

Here you can find objective type Aptitude Simple Interest questions and answers for interview and entrance examination. If the total amount of simple interest earned in 2 years be Rs.

Multiple choice and true or false type questions are also provided. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a.


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