Short Tricks to Solve Compound Interest Questions for IPM and

DU JAT 2022

The Compound Interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest.

In simple words, we can say that when you get interest on your invested money and interest on that money. Simple interest means when you get interest on your principal amount only.

But the compound interest is the interest on the principal sum and the interest earned on it.

The formula of compound interest is:

A = {1 + R/100} ᵀ

Here T = Time

A = Amount

P = Principal

R = Rate of Interest

A = Amount = Principal + Compound Interest

In this article, you will get to know all the short tricks to solve Compound Interest Questions for IPM and DU JAT.

Short Tricks to Solve Compound Interest Questions for IPM and DU JAT

There are some of the questions mentioned below with their solution that will help you to get the short tricks to solve compound interest questions for IPM and DU JAT 2022 Exam.

Question 1: If P = 10000/-, T = 2 years 6 months, rate of interest = 20% compounded annually. Find Amount.

Question 2: If P = 20,000, Rate of Interest = 3% p.a. Time = 2 years 3 months, Find Compound interest.

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Question 3: If P = 7.30 lacs, Rate of Interest = 10% p.a. T = 2 years and 2 days. Find Compound Interest.

Question 4: If P = 18000, Rate of Interest = 16.66%, Time = 1 year 73 days, Find Compound Interest.

Question 5: If P = 10400, Rate of Interest = 5%, Time = 1 year and 6 weeks, interest compounded annually.

Also Read: How To Solve Algebra Questions For IPMAT & DU JAT

Question 6: If P = 8000, Time = 3 years, Rate of Interest = 1%, 2%, and 3%. Find CI – SI = ?

Question 7: The differences of Simple interest and compound interest on a certain sum of money at 5% for 2 years are Rs. 3. Find the sum?

Question 8: If the difference between Compound interest and simple interest on a certain sum of money at 5% p.a. for 3 years is Rs. 122. Find the sum.

Also Read: DU JAT Quadratic Equation Questions

Question 9: Simple interest on a sum of money for 2 years is Rs. 480 and Compound interest is Rs. 492. Find the sum and rate of interest.

Question 10: Principal =? Time = 3 years, Rate of Interest = 15%, Compound interest – Simple interest = Rs. 1701.


How can I better prepare for the DU JAT 2022 Exam?

Following the expert tips will definitely help you to prepare better for the DU JAT 2022 exam. Begin your preparation by studying from the right books which cover all the concepts and topics according to the latest exam pattern and make sure you are aware of the detailed Paper pattern and latest Syllabus of the DU JAT Exam before starting your preparation.

Taking up Mock Tests regularly and solving DU JAT Sample Papers helps to test your preparation and improve your speed and managing time. It is important to study all the topics present in the syllabus without leaving any topic. One of the best methods to score more marks in the exam is to practice as many previous year question papers as possible.

Do I need to take specific coaching for DU JAT 2022?

It solely depends on you whether you need to take DU JAT coaching or not. If your fundamentals are strong, then it is easy to crack the exam just by solving previous year sample papers and Mock tests. However, if you want to improve your fundamentals then opting for coaching is beneficial.

How can I improve my accuracy in the DU JAT exam?

You can easily improve your speed and accuracy by solving as many sample papers as possible. Practicing mock tests would definitely improve your time management skills and problem-solving techniques. So, it is advisable for candidates to solve mock tests on a daily basis.

Which section in DU JAT carries maximum weightage?

There is an equal weightage for all the sections in the DU JAT i.e., 25 questions are asked from each section in the exam.

Are descriptive questions asked in the DUJAT exam?

No. There are only objective-type questions asked in the Delhi University Joint Admission Test.