Compound Interest Problems For A Bank Exam
Quantitative Aptitude Study Notes for Bank Exam
You know that quantitative aptitude section is most important in bank exams in PO and Clerk and for other competitive exams because if you want good score in bank exam then you have to score good in maths. In competitive exams the most important thing is time management, if you know how to manage your time then you can do well in Bank Exams as well as in other competitive exams. That’s where maths shortcut tricks and formula arecomes into action. So continuously we are providing shortcut tricks on different maths topics. Today’s topic is Compound Interest. This is the one of the most important topic in quantitative aptitude section in bank and SSC exam. You should know how to compound interest problems in very short time for bank exam. From this chapter around 1-2 questions are given in the SBI and IBPS exams. For this here we are providing shortcut tricks and quicker method to solve compound interest problems in very short time. Interest is the money paid by the borrower to the lender for the use of money lent. The sum lent is called the principal. Interest is usually calculated at the rate of so many rupees for every Rs 100 of the money lent for a year. This is called the rate per cent per annul.
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