Question 282. One can purchase a flat from a house building society for Rs. 55000 cash or on the terms that he should pay Rs. 4275 as cash down payment and get the rest in three equal installments. The society charges interest at the rate of 16% per annum compounded half-yearly. If the flat is purchased under installment plan, find the value of each installment ?
Question 283. The sum of money which when given on compound interest at 18% per annum would fetch Rs 960 more when the interest is payable half-yearly then when it was payable annually for 2 years is = ?
Question 289. On a certain sum of money, the simple interest for 2 years is Rs 350 at the rate of 4% per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned?