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### Simple Interest And Compound Interest

#### Simple Interest – Aptitude Questions and Answers

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#### Compound Interest – Aptitude Questions and Answers

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#### Simple Interest Compound Interest Online Test – Simple Interest Compound Interest Quiz Details

 Online Test Name Simple Interest Compound Interest Exam Type Chapter & Multiple Choice Questions Category Aptitude Quiz Number of Questions 20

#### Simple Interest Formulae

SI = Simple Interest; A = Amount; P = Principal; T = Time; R = Rate of interest
SI = (P * T * R) / 100
A = P + SI
P = (100 * A) / (100 + RT)
SI = ART / (100 + RT)
P = (100 * SI) / TR
T = (100 * SI) / PR
R = (100 * SI) / PT

#### Compound Interest Formulae

Compound Interest basic terms A = Amount
P = Principal
R = Rate of Interest
N = Number of Years
1. Interest Compounded Yearly
Amount (A) = Principal (P) X ( 1 + Rate of Interest (R) / 100 )Number of Years (N)
2. Interest Compounded Half-Yearly
Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 2 / 100 ]2 X Number of Years (N)
(or) Principal (P) = [ 1 + Rate of Interest (R) / 200 ] 2 X Number of Years (N)
3. Interest Compounded Quarterly
Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 4 / 100 ]
(or) Principal (P) [ 1 + Rate of Interest (R) / 400 ] 4 X Number of Years (N)