Simple Interest (S.I) and Compound Interest (C.I) is one of the easiest topics in CAT quantitative section. CAT aspirants are required to apply various formulas on Simple Interest and compound interest to solve various questions.
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Outline of various topics covered
- Definition of Simple Interest and Compound Interest
- Formulas of S.I
- Formulas for C.I when calculated annually, quarterly and half yearly
- C.I calculation when time is mixed fraction
- Present worth of an item, due in N years hence
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