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

Assouga saves 100,000frs in the bank at 6% per annum, what will be his total interest in 2 years?

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?

Compound interest accumulates over time while e simple interest stays constant?

Eloundou saves 100,000frs at the ‘njangi’ at 7% per month, what will be the total interest in 3 months?

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