Short Trick to Find Compound Interest in just 10 Seconds

Duration: 12 min

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Inside: a video lesson and guided study material.

Module outline

  1. Quantitative Ability: Speed Mathematics and Basic Mathematics, Percentage, Ratio and Proportion (Ratios), Average, Profit and Loss, Simple Interest and Compound Interest, Time and Work, Pipe and Cistern, Speed Time and Distance, Number System, HCF LCM, Data Interpretation, Age Problems, Mixture and Alligation, Partnership, Algebra, Sequence and Series (Series), Mensuration and Geometry, Arithmetic
  2. Reasoning Ability: Puzzle Solving (Puzzles), Seating Arrangements, Coding Decoding, Blood Relations, Directions (Direction Test), Syllogisms, Data Sufficiency, Ranking, Order and Sequence, Series (Number and Letter Series) (Numerical Relations and Reasoning), Logical Sequence Of Words, Calendar, Clock, Cubes & Dices, Analytical Reasoning (Counting Figures Reasoning), Data Arrangement, Non Verbal Reasoning (Spatial Aptitude) (Spatial Reasoning) (Visual Reasoning), Deductive and Inductive Reasoning (Logical Deduction and Induction) (Prepositional Reasoning)
  3. Verbal Ability: Comprehension / Reading Comprehension / Unseen Passages (Critical Reasoning) (Paragraph Questions), Cloze Test (Cloze Passage), Sentence Re-arrangements (Para Jumbles) (Narrative Sequencing), Vocabulary, Sentence Completion (Fill in the blanks), Active Passive Voice (Voice), Direct and Indirect Speech, Subject Verb Agreement (Verb Noun Agreement), Tenses, Preposition, Articles, Sentence Correction (Error Correction)
  4. Programming Basics (MCQs + Interview): C Programming by Yash Sir, Programming in C++, Java, Python for Placements by Yash Sir
  5. OOPs (MCQs + Interview): Object Oriented Programming (OOPS)
  6. DBMS (MCQs + Interview): Basics of DBMS, ER Diagram, Relational Model & Functional Dependencies, Keys & Integrity Constraints, Normalization (1NF - BCNF), Transaction Management, Decomposition Properties & 4NF, Concurrency Control, Database Recovery, File Organization & Indexing, Relational Algebra, Database Security & Authorization
  7. SQL (MCQs + Interview): SQL
  8. Operating Systems (MCQs + Interview): Introduction to OS, Process Management, CPU Scheduling, Deadlock, Threads & Process Creation, Memory Management, Virtual Memory, Process Synchronization, Disc Scheduling, File Management, Security
  9. Computer Networks (MCQs + Interview): Introduction to CN, Data Communication, DLL: Access Control, DLL: Flow Control, DLL: Error Control, DLL: Framing, Data Link Layer - Ethernet, Net Layer: IPv4 & Proto, Net Layer: IP Addressing, Net Layer:Routing Protocol, Transport Layer Services, TL: Congestion & UDP, Application Layer, Hardware basics, Network Security, Mobile Technology, Cloud Computing and IoT, Cyber and Info Security
  10. Coding: Coding Questions by Yash Sir
  11. HR Interview: MR & HR Interview Preparation
AI summary & chapters

AI Summary

An AI-generated summary of this video lecture.

This educational video, presented by Yash Jain from Knowledge Gate, provides a comprehensive lesson on the concepts of simple and compound interest. The video begins with an introduction to the topic, using visual aids like stacks of coins and a house made of dollar bills to represent financial growth. The instructor then transitions to a whiteboard to explain the fundamental concepts. He starts with a basic example of Rs 100 at a 10% interest rate for 1 year, demonstrating that simple interest (SI) and compound interest (CI) are equal in the first year. He then extends this to 2 years, showing that CI for the second year is calculated on the new principal (Rs 110), resulting in a total CI of Rs 21, which is more than the Rs 20 simple interest. The video progresses to a 3-year example, where the CI is calculated as Rs 33.1, and the 4th year's interest is shown to be Rs 4.641, illustrating the compounding effect. The final segment presents a practical problem: calculating the compound interest on Rs 45,000 at 10% per annum for 2 years. The instructor applies the formula A = P(1 + R/100)^T, breaking down the calculation step-by-step to find the amount (Rs 54,450) and the interest (Rs 9,450). The video concludes with a 'Thank You' screen.

Chapters

  1. 0:00 – 2:00 00:00-02:00

    The video opens with a title slide featuring the text 'SIMPLE AND COMPOUND INTEREST' over an image of a rising graph and stacks of coins. The scene then transitions to the instructor, Yash Jain, who is introduced as a Knowledge Gate educator. He stands in front of a background with financial imagery, including a house made of dollar bills and stacks of coins. On-screen text identifies the topic as 'Simple Interest and Compound Interest' and the course as 'Basic To Advance'. The instructor begins his lecture, explaining the fundamental concepts of interest.

  2. 2:00 – 5:00 02:00-05:00

    The instructor moves to a whiteboard with the heading 'Basic Concepts'. He begins a worked example, writing 'Rs 100 10% 1 year' on the board. He explains that for the first year, simple interest (SI) and compound interest (CI) are the same. He writes the formula 'SI = CI' and calculates the interest as 'SI = Rs 10'. He then updates the example to '2 years', writing '1st → 10' and '2nd → 10+1 = 11', showing that the interest for the second year is calculated on the new principal of Rs 110, leading to a total CI of Rs 21. He also writes '2yrs → 2:1' to illustrate the ratio of interest for the first and second years.

  3. 5:00 – 10:00 05:00-10:00

    The instructor continues the example on the whiteboard, extending it to 3 years. He writes '3yrs → 33.1', showing the cumulative compound interest. He then calculates the interest for the 4th year, writing '4th year → 10 + 3.31 = 13.31', and notes that the interest for the 4th year is Rs 4.641. He uses the ratio '4yrs → 4:6:4:1' to demonstrate a pattern in the interest calculation. The instructor then transitions to a new problem, writing 'Q: What will be the compound interest on Rs 45000 at the rate of 10% per annum for 2 years?' on the board.

  4. 10:00 – 12:09 10:00-12:09

    The instructor solves the problem on the whiteboard. He writes the compound interest formula: 'A = P(1 + R/100)^T'. He substitutes the values: 'A = 45000(1 + 10/100)^2'. He simplifies this to 'A = 45000(11/10)^2', then to 'A = 45000 x 121/100'. He calculates the amount as 'A = 450 x 121 = 54450'. Finally, he calculates the compound interest as 'CI = A - P = 54450 - 45000 = 9450'. The video ends with a 'THANK YOU FOR WATCHING' screen.

The video provides a clear, step-by-step explanation of simple and compound interest, starting from basic principles and progressing to practical calculations. The instructor effectively uses a combination of visual aids and a whiteboard to demonstrate the key difference between the two concepts: simple interest is calculated only on the original principal, while compound interest is calculated on the accumulated amount, leading to exponential growth. The lesson is structured to build understanding incrementally, from a 1-year example to a multi-year problem, and culminates in a real-world application, making the concepts accessible and easy to apply.

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