Q3) If 40000 is given as loan for a period of 3 years with the interest rates 6%, 8% and 9% for the 1st, 2nd and 3rd year respectively. If a loan is taken for more than 1 year and the rate of interest in varying for different years, you can directly use the formula given here to calculate the answer.Īmount = P where R1 = rate of interest for 1st year, R2 for the second year and so on. This trick is applicable only when a number is said to be multiplied by ’11’ Here is a direct trick to solve this multiplication.ħ9*11 = 7() 9 = 7(16)9 = 869 SHORTCUT TRICK – 3 (Calculation of Multiple Interest on CI) below is the sample question.Īns: If you go by the regular formula you might not be able to do it verbally. If a+b>10 add 1 to ‘a’ and keep the rest term intact. if the total exceeds 10 add 1 the digit at 100’s place thus bringing your answer. Put the number of 79 at units and 100’s place and put the total of that number in between. If a number is given to be multiplied by 11, you can use the following method to calculate the answer. All India Mock Tests for performance analysis and all India percentileįree videos, free mock tests, and free GK tests to evaluate course content before signing up! SHORTCUT TRICK -2 (Multiplication By 11).Topic Tests covering all topics with detailed solutions.
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