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5/18 MCQs for:
NUMBER & NUMERATION: Interest - Simple And Compound

Between simple and compound interest, which will produce a greater interest at the end of the fifth period?

Ngang borrows 1,000,000frs from the ‘njangi’ at 10% per annum compound interest, how much will he reimburse the ‘njangi’ in 2 years?

Financial institutions will make more money if they use simple interest on the loans they give out?

The simple interest on 150,000frs in 2 years at 4% rate per annum is:

Manyi saves 100,000frs in the bank at 6% per 6 months simple interest, what will be her total interest in 2 years?