Quantitative Aptitude : Simple Interest and Compound Interest

Simple Interest and Compound Interest are some of the most important topics in SSC CGL exam as they have practical application in banking too. If you face confusion in understanding SI and CI, Then this article will provide will clear concept of the two. What is Interest? Interest is the amount paid to the loaner (who loans something) or gained on the amount called principal amount that we have borrowed or lent. It is charged according to a rate called interest rate and usually charged annually. There are two types of…

Read More