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

Defang saves 500,000frs in the bank at 10% per annum, what will be his total interest in 1 year?

The simple interest on 200,000FCFA at a rate of 3% after 5 years is:

Ekambi saves 300,000frs at the ‘njagi’ at 3% per month compound interest, what will be his total interest in 2 months?

Babila saves 500,000frs in the bank at 10% per annum compound interest, what will be his total interest in 1 year?

Fote borrows 1,000,000frs in the bank at 12% per annum, how much will he pay the bank in 2 years?