If rate of interest is R, ((1 + R/100)^10)×2018 = 4356.711 R/100 = (4356.711/2018)^(1/10) - 1 = 0.08 R = 8%.
What would be the compound interest (compounded annually) on a sum of rupees 2018 at the rate of 7% for a period of 2 years?
There is 60% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 10000 after 3 years at the same rate (compounded annually)?
Arif took a loan of Rs 80000 from a bank. If the rate of interest is 10% per annum. Find the difference in amounts he would be paying after 1 1/2 years if the interest is compounded annually and compounded half yearly.
