Special Tricks Quant (Simple Interest): SSC CGL Tier-II

Dear students,
Now you have checked scores and start preparing for the Tier -II . we are going to provide Quant quizzes specifically for the mains exam . 
Now, we’re going to provide Short Tricks with Example Questions, So that you can familiarise yourself with tricky scenarios of Quant. Every day we’ll post Some useful Tricks for SSC CGL Tier -II, and it will help you in scoring respected marks.

                               Percentage wise distribution of Topics For Tier-II                                          

Simple Interest

→ The principal in case of S.I is always same at the beginning of every year.

→ The principal for C.I was increasing constantly. The interest earned each year was added on to the principal at the end of that year and the resultant was the principal for the next year.

S.I. in n year = Interest in 1 year × number of years.
Or S.I.
= rn% of P
here you can also conclude that simple interest is an application of percentage.

⇒ If principal halves, rate doubles and number of years become thrice, the S.I. will become =(1/2)×2×3 = thrice  
→ The annual payment that will discharge a debt of Rs. P due in T years at R% per annum-
Ex. Find
out the annual installment that will discharge a debt of Rs. 12,900 due in 4
years at 5% per annum simple interest.
Here P =
T = 4, R
= 5%