[PDF] Simple Interest And Compound Interest – Aptitude Questions and Answers Download

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Simple Interest And Compound Interest

Simple Interest – Aptitude Questions and Answers

This is aptitude questions and answers section on Simple Interest with explanation for various interview, competitive examinations and entrance tests. Contenders are you interested in trying some challenging questions from Simple Interest Quiz? Ok, then test your knowledge and assessment ability through this Simple Interest aptitude Quiz Online Test Questions & Answers practice test papers. Simple Interest Quiz contains new pattern questions and problems from previous year competitive exams. And when it comes to the basics of finance individuals have to learn about simple interest. By practicing the Simple interest Aptitude MCQ will not affect your loans and investments. And also this concept will make you money or lose you money. Simple interest is one of the greatest and the most straightforward idea in finance.

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)

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