Defang saves 500,000frs in the bank at 10% per annum, what will be his total interest in 1 year?
Manyi saves 100,000frs in the bank at 6% per 6 months simple interest, what will be her total interest in 2 years?
Ngang borrows 1,000,000frs from the ‘njangi’ at 10% per annum compound interest, how much will he reimburse the ‘njangi’ in 2 years?
Between simple and compound interest, which will produce a greater interest at the end of the fifth period?
The simple interest on 200,000FCFA at a rate of 3% after 5 years is:
15,000 FCFA.
30,000 FCFA.
10,000 FCFA.
20,000 FCFA.
