Simple Interest Aptitude questions, Formula, shortcuts pdf
Problems on simple interest can be easily solved when the formula for SI is known. Simple interest calculator is also available but for exam preparation don’t use those online calculators. There are many simple interest shortcuts and tricks are available. Simple interest and compound interest both are not same. Simple interest formula are given below to understand about SI mathematics problems and helps you to get the shortcut tricks. This type of questions are common in all aptitude exams such as CAT, MAT, CMAT, GRE, GMAT, all MBA entrance exams and bank exams like IBPS, SBI, etc. All placement / campus interview first round is aptitude test. Atleast 2 question will be from SI and CI. The explanation of simple interest problems are given below with an example.
Formula for simple interest (SI)
Simple interest formula to know how to work out simple interest maths and to learn how to do simple interest is given.
SI = PRT/100
In some books it is given as I = PNR/100. The both formula are same.
The values of P,R,T is given as follows,
where P is = principal , R% is = rate per annum ( p.a) , T is = time in years.
Check compound interest formula
How to solve simple interest problems using formula
To fetch the example problem of simple interest math problems click on the image and save the image.
In the above explained problems on simple interest we have divided elements P, R, T by 12. This is because the time is given in months. Since there are twelve months in a year we divided it by twelve. You can find the above example easier because we described it in step by step procedure.
Simple interest problems with answers
The above explained Simple interest formula is used here to find the solution for simple interest problems. Click on the below image to save the image which comprises of the simple interest math problems.
For more simple interest problems with answers log on to our website www.careerarm.com. You can also find problems on other aptitude topics.
Download Simple interest formula, solved example problems, shortcut methods pdf
This pdf file contains the formulas, all solved or worked out problems.
Video Tutorial on how to solve Simple Interest in 30 seconds
Learn Compound interest now – Very important for preparation.