Simple Interest Calculator: Aptitude Test

1 What is Simple interest?

The percentage of the principal that is paid over a certain period of time is called the interest rate. Interest is typically calculated over principal amount (Base Amount).

Simple Interest is considered when time period is generally less than a year. Simple interest is calculated only on principal amount and Simple interest formula is as follows

I = ( P × n × r )100
I = Interest Amount
P = Principal Amount
n = Time period
r = Rate of interest

Candidates preparing for following competitive exams can utilize Aptitude section to improve their skills.

  • Bank Competitive Exam
  • MPSC Competitive Exams
  • SSC Competitive Exams
  • L.I.C/ G. I.C Competitive Exams
  • Railway Competitive Exam
  • University Grants Commission (UGC)
  • NET/ SET Competitive Exam
  • Common Aptitude Test (CAT)
  • Career Aptitude Test (IT Companies)
2 How to calculate Interest earned?
3 How to calculate Principal Amount?
4 How to calculate Rate of Interest?
5 How to calculate time period?
6 How to calculate Amount accrued i.e. principal + interest earned?
Simple Interest Calculator

Interest Amount (I)
Period (n)
Rate of Interest (r) (% per year)

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