Between simple and compound interest, which will produce a greater interest at the end of the fifth period?
Defang saves 500,000frs in the bank at 10% per annum, 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?
The simple interest on 150,000frs in 2 years at 4% rate per annum is:
12,000.
120,000.
1,200.
11,200.
Assouga saves 100,000frs in the bank at 6% per annum, what will be his total interest in 2 years?
