Munu saves 1000,000frs 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:
20,000 FCFA.
10,000 FCFA.
30,000 FCFA.
15,000 FCFA.
Che and Chi both save 100,000frs each at the ‘njangi’ meeting., Che saves at 6% compound interest per month and Chi at 7% simple interest. Who makes more money after the first period?
Amomo saves 100,000frs in the bank at 6% per annum compound interest, what will be his total interest in 2 years?
Between simple and compound interest, which will produce a greater interest at the end of the first period?
