Problems on simple interest and compound interest for bank exams pdf

So the competitive level is goes on high every year. Principal, rate of simple interest, and amount problems our mission is to provide a free, worldclass education to anyone, anywhere. Simple interest and compound interest problems and solutions pdf. Simple and compound interest are two different methods to calculate the interest. Today i am providing 35 important questions fopr bank exams. Simple interest questions is an an essential part for competitive exams like banking, insurance, ssc and railways exams. Money is said to be lent at compound interest when at the end of a year or other fixed period, the interest that has become due is not paid to the lender, but is added to the sum lent, and the amount thus obtained becomes the principal in the next year or period. This pdf is provided to make you the master of the topic. Problems in this topic needs more focus on percentage. Simple interest word problems practice khan academy.

The process is repeated until the amount for the last. There are understandable, simple solutions useful for rrb alp, group d and bank jobs. Find the compound interest on a principal amount of rs. The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is rs. Candidates from over all india can apply for the exam. Simple and compound interest problems for bank exams rbi. Simple interest problems and solutions for bank exams. Simple interest and compound interest problems and. The difference between the compound and simple interest for 3 years will be. Simple and compound interest problems for bank exams rbi grade b simple and compound interest questions are not the hardest topics in quantitative aptitude, but one needs to be good with logic to answer them correctly. Simple interest question and answers with easy solutions in aptitude topic are present here. There are many competitive exams have come in recent years.