SSC CGL Exam > SSC CGL Videos > Quantitative Aptitude for SSC CGL > Basic Questions of Compound Interest
Basic Questions of Compound Interest Video Lecture | Quantitative Aptitude for SSC CGL
|
314 videos|170 docs|185 tests
|
FAQs on Basic Questions of Compound Interest Video Lecture - Quantitative Aptitude for SSC CGL
| 1. What is compound interest? |  |
Ans. Compound interest is the interest that is calculated on both the initial principal amount and any accumulated interest from previous periods. It differs from simple interest, as it takes into account the compounding of interest over time.
| 2. How is compound interest different from simple interest? | |
Ans. Compound interest is different from simple interest because it takes into account the accumulation of interest over time. With compound interest, the interest earned in each period is added to the principal, and subsequent interest is calculated based on the new total. Simple interest, on the other hand, is calculated only on the initial principal amount.
| 3. How is compound interest calculated? | |
Ans. Compound interest can be calculated using the formula: A = P(1 + r/n)^(nt), where A is the future value of the investment, P is the principal amount, r is the annual interest rate, n is the number of times that interest is compounded per year, and t is the number of years.
| 4. What is the importance of compound interest? | |
Ans. Compound interest is important because it allows investments to grow at an accelerated rate over time. The compounding effect can significantly increase the value of investments, making it a powerful tool for long-term saving and wealth accumulation.
| 5. Can compound interest work against you? | |
Ans. While compound interest is generally beneficial when you are earning it on investments, it can work against you when you have debt or loans. In these cases, compound interest can cause the debt to grow rapidly if not managed properly. It is important to be aware of the compounding effect and make timely payments to avoid accumulating excessive interest on debts.
Related Exams
About this Video
|
1.4K Views |
|
4.97/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: Basic Questions of Compound Interest for SSC CGL 2024 is part of Quantitative Aptitude for SSC CGL preparation.
The notes and questions for Basic Questions of Compound Interest have been prepared according to the SSC CGL exam syllabus.
Information about Basic Questions of Compound Interest covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Basic Questions of Compound Interest.
Introduction of Basic Questions of Compound Interest in English is available as part of our Quantitative Aptitude for SSC CGL for SSC CGL & Basic Questions of Compound Interest in
Hindi for Quantitative Aptitude for SSC CGL 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 Basic Questions of Compound Interest Video Lecture | Quantitative Aptitude for SSC CGL - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for Quantitative Aptitude for SSC CGL.
Information about Basic Questions of Compound Interest
Here you can find the meaning of Basic Questions of Compound Interest defined & explained in the simplest way possible.
Besides explaining types of Basic Questions of Compound Interest theory, EduRev gives you an ample number of questions to practice Basic Questions of Compound Interest tests,
examples and also practice SSC CGL tests.
|
314 videos|170 docs|185 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
Summary
,Previous Year Questions with Solutions
,study material
,Extra Questions
,Basic Questions of Compound Interest Video Lecture | Quantitative Aptitude for SSC CGL
,shortcuts and tricks
,mock tests for examination
,Important questions
,Free
,past year papers
,Semester Notes
,Exam
,ppt
,Objective type Questions
,practice quizzes
,Basic Questions of Compound Interest Video Lecture | Quantitative Aptitude for SSC CGL
,MCQs
,video lectures
,Basic Questions of Compound Interest Video Lecture | Quantitative Aptitude for SSC CGL
,Viva Questions
,Sample Paper
;
Study Basic Questions of Compound Interest on the App
Students of SSC CGL can study Basic Questions of Compound Interest alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Basic Questions of Compound Interest,
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 Basic Questions of Compound Interest is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup