Question

the simple interest on a certain sum of money for 2 years at 5 1/2% is rs.6600. what will be the compound interest on that sum at the same rate for the same time period

Answer 1

amount= p(1+r/100)t
6600(1+55/1000)
66*211/200*211/200

=7345.965
c.i=7345.965-6600=745.965