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Here, are quick and easy tips and tricks on Compound Interest. Learn the tricks and concept of compound interest.
10000 capital 5 percentage interest for 2 years. Whats si and ci
First calculate si
10 % means 1000
5% means 500 for one year
So for 2 year total si is 1000
It takes hardly 5 to 10 seconds
Now check options
CI should be certainly more than this 1000 And close to it. 1000 plus
Ci is actually interest on interest. Hence calculate 5 % of 500 which is first year interest.
10% of 500 is 50 so 5 % is 25
The total ci is eqyal to si plus 25
So si equal to 1000
And ci equal to 1025.
I takes another 10 seconds maximum.
Within 20 seconds u should be able to answer this. In fact if u get familiar u know what could be answer by seeing options
For ex.
The options are ( si, ci)
A. 500, 1000
B. 1000, 1500
C. 1025, 1000
D. 1000, 1025
Here by seeing the options u can straight away remove two options
C cant be answer since si cant be more than ci
A and B have large difference so the only possible answer is D.
There are many ways to solve a question. Most of Aptitude questions u dont have to solve fully. U can simply guess what could be answer by seeing options.
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