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Simple and Compound Interest Questions with detailed PDF solutions

Check out the comprehensive set of Simple and Compound Interest questions and answers, with detailed solutions in PDF. It is the perfect resource for anyone who wants to improve their problem solving skills for competitive exams.

18 December, 2023 
Author
Prakhar Gupta
10 min read  |  Words: 1326

Table of Contents

  1. Practice Questions on Simple and Compound Interest
  2. Answer Key
  3. Answers and Solutions
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Updated on: 2024-06-08 12:54:32  

Simple and Compound Interest FAQs

What does simple interest mean?

Simple Interest (S.I.) is the method of calculating the interest amount for a particular principal sum of money at some rate of interest for a given time.

What is the difference between simple interest and compound interest?

Simple interest is generally calculated on the principal amount of a loan or deposit whereas Compound Interest is calculated on the principal amount plus the interest that accumulates on the principal in every period.

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Prakhar Gupta

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Prakhar Gupta has 4+ years of experience in Content Marketing Field.

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