Compound Interest Tricks, Tips, Shortcuts and Results-1
Compound Interest Tricks, Tips & Results-1 In the first two articles for Compound Interest, we have covered the important concepts for this topic. In this article, we shift our focus from concepts to Compound Interest tricks. The focus of this article is purely to... Compound Interest Examples, Calculations & Applications
Learn the applications of for the topic through Compound Interest Examples The first article for compound interest was all about the basics and essentially explained the compount interest formula. In this article, we use compound interest examples in order to... What is Compound Interest? Basic Concepts, Formula & More
What is Compound Interest? Let’s explore the basic concepts for Compound Interest Compound Interest is part of the wider topic of Interest. In the first part of this topic, we learned about Simple Interest. Well, simple interest is not the only interest...
Interest and Installment Exercise
Question 1: Four equal installments, each of Rs. 500, were paid at the end of the year on a sum borrowed at 10% compounded annually. Find the sum (correct up to 2 decimal place). a. Rs. 1584 b. Rs. 1456 c. Rs. 1390 d. Rs. 1595 Answera and Explanation Option a Rate=...
Interest and Installment
Concept of Installment Suppose you have to buy a car at Rs. 200000. You can pay the seller in two ways: Either you can pay the entire amount in one go i.e. you’ll pay Rs. 200000 and take the car. But what if you don’t have enough money at the time of purchase? The...
