SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Tricks to solve Problems on Simple Interest - 1
Tricks to solve Problems on Simple Interest - 1 Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
|
1365 videos|1312 docs|1010 tests
|
FAQs on Tricks to solve Problems on Simple Interest - 1 Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. How do you calculate simple interest? |  |
Ans. Simple interest can be calculated using the formula: Simple Interest = (Principal amount x Rate x Time) / 100.
| 2. What is the difference between simple interest and compound interest? | |
Ans. Simple interest is calculated only on the principal amount, whereas compound interest is calculated on both the principal amount and the accumulated interest from previous periods.
| 3. Can you provide an example of solving a problem on simple interest? | |
Ans. Sure! Let's say you borrowed $5000 at an annual interest rate of 6% for a period of 3 years. The simple interest can be calculated as follows: Simple Interest = (5000 x 6 x 3) / 100 = $900.
| 4. Is simple interest always calculated annually? | |
Ans. No, simple interest can be calculated for any time period, be it annually, semi-annually, quarterly, or even monthly. The formula remains the same, but the values for time and rate need to be adjusted accordingly.
| 5. How can I use the concept of simple interest in real-life situations? | |
Ans. Simple interest is commonly used in scenarios such as calculating interest on loans, determining returns on investments, or computing interest on savings accounts. It helps in understanding the financial implications of borrowing or investing money.
Related Exams
About this Video
|
3.5K Views |
|
4.76/5 Rating |
|
Oct 23, 2024 Last updated |
Video Description: Tricks to solve Problems on Simple Interest - 1 for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Tricks to solve Problems on Simple Interest - 1 have been prepared according to the SSC CGL exam syllabus.
Information about Tricks to solve Problems on Simple Interest - 1 covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Tricks to solve Problems on Simple Interest - 1.
Introduction of Tricks to solve Problems on Simple Interest - 1 in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Tricks to solve Problems on Simple Interest - 1 in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Tricks to solve Problems on Simple Interest - 1 Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Tricks to solve Problems on Simple Interest - 1
Here you can find the meaning of Tricks to solve Problems on Simple Interest - 1 defined & explained in the simplest way possible.
Besides explaining types of Tricks to solve Problems on Simple Interest - 1 theory, EduRev gives you an ample number of questions to practice Tricks to solve Problems on Simple Interest - 1 tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
video lectures
,shortcuts and tricks
,Tricks to solve Problems on Simple Interest - 1 Video Lecture | SSC CGL Tier 2 - Study Material
,Free
,Semester Notes
,Online Tests
,Online Tests
,Previous Year
,past year papers
,Sample Paper
,Important questions
,Tricks to solve Problems on Simple Interest - 1 Video Lecture | SSC CGL Tier 2 - Study Material
,Summary
,Previous Year Questions with Solutions
,mock tests for examination
,study material
,practice quizzes
,ppt
,Extra Questions
,Objective type Questions
,MCQs
,Previous Year
,Viva Questions
,Tricks to solve Problems on Simple Interest - 1 Video Lecture | SSC CGL Tier 2 - Study Material
,Exam
,Online Tests
,Previous Year
;
Study Tricks to solve Problems on Simple Interest - 1 on the App
Students of SSC CGL can study Tricks to solve Problems on Simple Interest - 1 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Tricks to solve Problems on Simple Interest - 1,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Tricks to solve Problems on Simple Interest - 1 is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup