CSIR NET 2023 Compound Interest | IFAS

Описание к видео CSIR NET 2023 Compound Interest | IFAS

Compound interest is an important concept in the CSIR NET General Aptitude section. It is also covered in the subject-specific sections of the exam, such as Business Administration and Economics.
The compound interest section covers a variety of topics, including:
Principal
Rate of interest
Time
Compound interest
Compound interest is calculated differently than simple interest. In compound interest, the interest earned in each period is added to the principal for the next period, so the principal amount keeps growing. This means that the interest earned on compound interest is also compounded, which leads to exponential growth of the principal amount.

Questions on compound interest can be either direct or indirect. Direct questions may ask you to calculate the compound interest earned on a sum of money, the principal amount, the rate of interest, or the time period. Indirect questions may require you to apply your knowledge of compound interest to solve a more complex problem.
Key Point:-
1) Introduction 4: 52
2) question 22:07
3) Conclusion

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