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Ci and Si Formulae

The document discusses simple and compound interest concepts. It provides the formulas for simple interest calculation and gives examples of determining the interest rate when the principal amount doubles, triples, etc. in a given time period. Several sample problems are shown that apply simple interest concepts to calculate interest rates, principal amounts, and interest earned over time. Compound interest is also introduced, though no specific formulas or examples are given.

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97 views

Ci and Si Formulae

The document discusses simple and compound interest concepts. It provides the formulas for simple interest calculation and gives examples of determining the interest rate when the principal amount doubles, triples, etc. in a given time period. Several sample problems are shown that apply simple interest concepts to calculate interest rates, principal amounts, and interest earned over time. Compound interest is also introduced, though no specific formulas or examples are given.

Uploaded by

Mayank
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Quantitative Aptitude for SBI IBPS: Simple and ...

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Quantitative Aptitude: Simple and Compound


Interest

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1.

Simple Interest ( SI)

SI = PNR / 100
Where P = Principal amount N = Number of years R =Rate of interest
2.

The Rate at which a sum of money becomes double in T years ,

R = 100/T

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Also, T = 100/R

3.

The rate wt which the sum of money becomes triple in T years

R = 200/ T

also, T = 200/R

Similarly, the rate at which the sum of money becomes 5 Times in T years
R = 400/T

Quantitative Aptitude

If it is 8 times, R = 700 / T and so on.

Percentage
Simple and compound
interest

4.

SI for (x-y) years = Amount for x years amount for y years

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Illustrations
Q. At what rate per annum will a sum of Rs 3600 becomes Rs 4500 in 10 years at Simple Interest?
Ans: SI= 4500 3600 = 900
Since SI = PNR / 100
900 = 3600 * R * 10 / 100
Ie R = 2.5 %

Q. At what rate will a sum of money becomes double in 16 years at simple interest?
Ans: R= 100 / T

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= 100/16
= 6.25 %

Q. At what rate will a sum of money become 6 times in 20 years at simple interest?
Ans: R = 500/T
= 500/20
= 25%

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Q. If a certain sum at simple interest amounts to Rs 1260 in 2 years and Rs 1350 in 5 years, find the
rate and principle?
Ans: SI for 3 years = 1350 1260 = 90
Ie SI for one year = 30

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Quantitative Aptitude for SBI IBPS: Simple and ...

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SI for two years = Rs 60


Amount = P + SI
1260 = P + 60
P = 1260 60 = Rs. 1200
Ie, the principle amount = Rs. 1200

To find out the rate of SI,


SI = PNR
R = SI / (P* N)
= 30 / (1200 *1)
= 2.5 %

Q. What is the capital required to earn a monthly interest of Rs 600 at 6% per annum?
Ans:
SI = 600 per month
R = 6%
SI = PNR /100
600 * 12 = P * 1 * 6 /100
P = 600 * 12 * 100 / 6 = 1,20,000

Q. A sum of money was put at SI at a certain rate for 2 years. Had it been ut at 1% higher rate, it would
have fetched Rs 24 more. Find the sum.

These type of problems can be solved in 2 steps


Ie 2 years , Rs 24 more
1 years , 24/ 2, ie 12 more
1 % of P = 12 (since the rate increased by 1%)
Ie p * 1/100 = 12
P = 1200

Compound Interest

Illustrations:
We are leaving examples of compound interest for you folks. Go ahead; find out examples and comment
using Facebook.

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10 Comments

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Naveen Nani
M.G University,Nalgonda

Pls tel me difference between si&ci formulas


Like Reply Dec 8, 2015 9:57am

Shivani Shukla
DAV Public School, New Delhi

p(r/100)^2 for two year


Like Reply

1 Dec 17, 2015 12:09am

Vishakha Singh
Dr B R Ambedkar Institute of Technology

very Useful thanku


Like Reply

1 Dec 3, 2015 12:00pm

Jigyasu Gupta
Raj Kumar Goel Institute of Technology

good
Like Reply Sep 23, 2015 1:43am

Vani Krishna
Nice
Like Reply Sep 21, 2015 11:33pm

Sathur Mukil
Works at Student

tat was useful


Like Reply Mar 12, 2015 12:13am

Shiva Kukati
Works at Student

nice methods
Like Reply Dec 8, 2014 8:25pm

Prayag Pattanayak
Berhampur, Orissa

good
Like Reply Oct 1, 2014 5:13am

Monit Mohan Mohan


Managing Partner at AIMS

very nice presentation, pls put more questions related with this
subject thnks
Like Reply Feb 23, 2014 10:10pm

Gaurav Singh
University of Allahabad

Very helpfull...thnq so mch...


Like Reply

1 Oct 29, 2013 11:39am

Jacob John
Great info... Some points frm me..
The difference between SI and CI for 2 years for the same sum at
the same rate can be calculated using the below formula.

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