The difference between the compound interest and the simple interest and the simple interest earned on a sum of money at the end of 4 years is Rs. 256.40. To find out the sum , which of the following informations given in the statements P and Q is/ are necessary ?
P : Amount of simple interest accrued after 4 years
Q : Rate of interest per annum
A sum of money is borrowed and paid back in two annual instalments of Rs. 882 each a;;owing 5% compound interest . The sum borrowed was :
A man borrows Rs. 12,500 at 20% compound interest At he end of every year he pays Rs. 2000 as per part repayment .How much does he still owe after three such instalments ?
What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest ?
A man borrows Rs. 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments . how much will each instalment be be ?