# Interest II - How to Find Simple Interest and Compound Interest in the IBPS PO Exam

### In this post we will Find Simple Interest and Compound Interest using smart method to save time during the IBPS PO exam.

In the previous blog, How to calculate Interest in IBPS PO Exam, we discussed the basic concept of interest and the difference between Simple Interest and Compound Interest. In this post we will discuss two modules under the concept of Simple Interest and Compound Interest. These modules are based on questions that are frequently asked during the examination. The questions are quite simple, however solving them via regular method is a tedious job due to the lengthy procedure.We have solved these questions using the smart method which will help you to save some time.

Here is a list of formulas that will help you to solve questions based on the concept of Simple Interest and Compound Interest.

### Step 4:              Compound Interest = 1275 Therefore, the compound interest will be Rs.1275 at the end of 2 years. How to Find Simple Interest and Compound Interest- Module 2

Problem: Manish deposited some amount in a bank at the rate of 6% p.a for 2 years at compound interest. How much was deposited if he gets Rs.11236 on maturity?