The Concept of Simple Interest

When we part with our money to keep it in the bank, the bank pays us an ‘interest’ to do so. Similarly, when we borrow money, we have to pay an ‘interest’. The interest received or paid depends on three factors:

Principal (P), Time Period (t) & Rate of Interest (r)

Simple interest = PTR / 100

Our Research & Findings

#IBPS PO

As a sample we have choosen the last 4 year's (2019, 2018, 2017, 2016) previously asked question papers. In quatitative aptitude section, a total number of questions asked are 35. Out of these 35 questions 1.43% of questions are from Simple Interest.

#SBIPO

As a sample we have choosen the last 4 year's (2019, 2018, 2017, 2016) previously asked question papers. In quatitative aptitude section, a total number of questions asked are 35. Out of these 35 questions 2.14% of questions are from Simple Interest.

#TCSNQT

As a sample we have choosen the last 4 year's (2019, 2018, 2017, 2016) previously asked question papers. In quatitative aptitude section, a total number of questions asked are 26. Out of these 26 questions 8.97% of questions are from Simple Interest.

Teaching Methodology

  • Concepts based solutions
  • Short cut methods
  • Spatial visualization
Sample Question

If A deposits Rs. 20,000 in a bank for 3 years at a rate of 10%, what is the simple interest he will get at the end of the period?
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