Proceedings of 26th Annual Technological Advances in Science, Medicine and Engineering Conference 2022

Aryabhata's Formula for Calculating Interest Rate
Ampalavanar Nanthakumar
Abstract
Indian Mathematician, Aryabhata I is credited to have developed a formula about 1500 years ago to calculate the interest rate in the context of monetary transactions. This was at a time when people were believed to have known very little about algebra and other branches of Mathematics. How did Aryabhata I develop the formula ?.  

Last modified: 2022-08-22
Building: TASME Center
Room: Science Hall
Date: August 27, 2022 - 10:20 AM – 10:35 AM

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