Interest – SI & CI Archive

Rule of 72 – Estimation of Compound Interest and Time

Effect of Compounding The Rule of 72 is a good quick math shortcut to find out the following – Time required for an amount to double itself, at a given rate of interest Rate at which an

How to calculate EMI?

EMI Calculation In our daily life we face enormous application of mathematics. Calculation of equated monthly installments (EMI) for car or home loan is one such common application of mathematics. EMI or equated monthly installments is the most