Today, We are going to take a test on Problems based on Interest Calulation
Before you take the test read these posts to be comfortable.
Simple Interest = Principal x Interest Rate x Term of the loan(Time of Loan)
SI = P x i x n/100 when interest rate is taken in percent.
CI = P [(1 + i) n – 1]
where P = Principal, i = annual interest rate in percentage terms, and n = number
of compounding periods.