Between simple and compound interest, which will produce a greater interest at the end of the fifth period?
Compound interest accumulates over time while e simple interest stays constant?
Manyi saves 100,000frs in the bank at 6% per 6 months simple interest, what will be her total interest in 2 years?
The simple interest on 200,000FCFA at a rate of 3% after 5 years is:
20,000 FCFA.
15,000 FCFA.
30,000 FCFA.
10,000 FCFA.
Ekambi saves 300,000frs at the ‘njagi’ at 3% per month compound interest, what will be his total interest in 2 months?
