**Shortcuts and tricks for solving Simple Interest problems:**

Hi friends, here i am sharing the best **shortcuts and tricks for solving Simple Interest problems**. As time plays crucial role in the competitive examinations, it is better to find a better way for **solving the problems in a less time**. Here i am sharing some shortcut formulas which would help you to **solve Simple Interest problems in less time**.

**Pricipal** : The money borrowed by the borrower from the lender. Principal remains the same throught the loan period.

**Rate of interest** : Rate at which the principal is charged.

**Time** : The period for which the money is borrowed.

**Interest** : The extra money paid by the borrower to the lender for the use of money.

**Amount** : The money returned by the borrower at the end of the certain period.

**Amount** = Principal + Interest.

**Interest** = Amount – Principal.

**shortcuts and tricks for solving Simple Interest problems:**

**1****. Simple Interest:**

**2. Principal**

**:**

**3. Rate of Interest**

**:**

**4. Time**

**:**

**5. If Rate of Interest differs from year to year, then**

**6. Amount**

**:**

**7. Principal**

**:**

**8.**If a sum of money doubles in

**n**years. Then it will become

**x**in

**(x-1)*n**years.