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

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:

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?