Installments on Simple Interest and Compound Interest Case Miscellaneous instances of Installments on Simple Interest and Compound Interest : To determine the installment whenever interest is charged on SI A cellular phone is readily available for ?2500 or ?520 down re payment accompanied by 4 month-to-month equal installments. If the interest rate is 24%p.a. SI, determine the installment. Installments on Simple Interest and Compound Interest Sol: this really is one question that is basic. You must simply utilize the above formula and determine the quantity of installment. Consequently, x = P (1 + nr/100)/ (n + n(n-1)/2 * r/100)) Right Here P = 2500 – 520 = 1980 Ergo, x…