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About the Course
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Alligations and Mixtures
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Train Problems
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Ages Problems
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Average
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Boats and Streams
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Chain Rule
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Clock Problems
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Time, Speed & Distance
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Odd man out and Series
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Simple Interest and Compound Interest
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Calender Problems
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HCF and LCM
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Idioms & Phrases
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Percentage
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Permutation and Combination
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Pipes and Cistern
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Probability
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Profit and Loss
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Ratio and Proportion
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Time and Work
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Verbal Reasoning
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Verbal Ability Notes
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[Reasoning] Blood Relations
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[Reasoning] Number Series
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[Reasoning] Seating Arrangement
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[Reasoning] Directions
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[Reasoning] Syllogism
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[Reasoning] Venn Diagram
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[Reasoning] Paper Folding & Cutting
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[Reasoning] Mathematical Operations
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[Reasoning] Statement & Conclusion
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[Reasoning] Word Pattern
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[Reasoning] Data Sufficiency
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[Reasoning] Visual Reasoning
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[Reasoning] Coding Decoding
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[Reasoning] Cubes
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Game Based Aptitude
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Number System
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Arithmetic Progression & Geometric Progression
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True discount
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Statement and Assumption
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Partnership
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Data Interpretation
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Decimal and Fraction
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Divisibility
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Simplification
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Perimeter
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Mean Median Mode
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Equation
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Geometry
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About the Course
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Simple Interest Part #1
Simple Interest Part #1
Simple Interest is one of the most important topics for government sector Aptitude and entrance exams. Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments. Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal amount of money at some rate of interest. For example, when a person takes a loan of Rs. 5000, at a rate of 10 p.a. for two years, the person’s interest for two years will S.I. on the borrowed money.
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