Kamla borrowed ₹26400 from a Bank to buy a scooter

Kamla borrowed ₹26400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

Solution:

Anil borrowed ₹18000 from Rakesh at 8% per annum simple interest for 2 years. If Anil had borrowed this sum at 8% per annum compound interest, what extra amount would he has to pay?

Solution:

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