Compound Interest Questions PDF
Compound Interest Question PDF with Answers for government exams like SSC, Railways, Banking, FCI, CWC, Insurance Exams, UPSC, and other state PCS exams. As we all know in many competitive exams in Quantitative Aptitude/ Numerical Ability subject Compound Interest Questions asked repeatedly, so you cannot ignore the Compound Interest Questions PDF.
As questions are based on previous year papers, there are chances that candidates will find many questions from the Compound Interest Questions with Answers PDF in all competitive Exams. If you check the last 4-5 year’s papers of SSC, Railways and Banking Exams, you will find that many different types of Compound Interest questions are asked. Today we have compiled “150+ Compound Interest Questions PDF with Answers for SSC, Railway & Banking Exam”. You can download Free Compound Interest Questions with Solution so that you get all the important questions at one place. And it will become very easy for you guys to revise them.
Compound Interest Questions PDF for SSC, Railways and Banking Exams
The ultimate way to begin Numerical Ability Preparation is to have the best Quantitative Aptitude practice questions in your PDF Drive. To ease out your preparation and save you a lot of time, At Let’s Study Together (LST) we understand our student’s requirements and keeping it in mind, So LST Team has compiled the Compound Interest Questions PDF for SSC, Railways and Banking Exams with Detailed Answers’. Get some relevant as well as reliable study material that will guide you well throughout your exam preparation. You can download the Compound Interest Questions with Solution so that you get all the important questions at one place. And it will become very easy for you guys to revise them.
Compound Interest Questions with Answers | Download Free PDF
What is Compound Interest?
Compound interest is the adding of interest to the principal sum of a loan or deposit. It is the outcome of reinvesting interest rather than paying it out, so that interest is received on the principal plus previously collected interest in the next period.
Compound interest is the interest imposed on a loan or deposit amount. It is the most commonly used concept in our daily existence. The compound interest for an amount depends on both Principal and interest gained over periods. This is the main difference between compound and simple interest.
Compound interest is very useful in the banking and finance sectors and is also useful in other sectors. A few of its use are:
- Growth of the population of a country
- Value of investment over a period of time.
- For finding Inflated costs and the depreciated value of any article.
- For predicting the growth of any institution or country.
Compound Interest (C.I) = Amount – Principal
Formulas for Compound Interest Questions
Compound Interest is calculated, after calculating the total amount over a period of time, based on the rate of interest, and the initial principal. For an initial principal of P, rate of interest per annum of r, time period t in years, frequency of the number of times the interest is compounded annually n, the formula for calculation of CI is as follows:
Compound Interest (CI) = P(1 + r/100)n – P
Where,
- P = Principal
- r = Rate of Interest
- n = Number of Times Interest is Compounded Per Year
- t = Time (in years)
We hope the given Quantitative Aptitude Topic-wise Questions and Answers PDF will be helpful for their competitive exams, like bank exams and other recruitment board exams. So candidates can utilize our Quantitative Aptitude Topicwise PDF Download for their effective preparation to score more marks in upcoming competitive exams.
8700+ Quantitative Aptitude Topic-wise Questions and Answers – Download Free PDF
