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?
The rate at which 2,000,000 FCFA is invested for 2 years to yield an interest of 200,000 FCFA is:
2%.
10%.
4%.
5%.
Defang saves 500,000frs in the bank at 10% per annum, what will be his total interest in 1 year?
Ngang borrows 1,000,000frs from the ‘njangi’ at 10% per annum compound interest, how much will he reimburse the ‘njangi’ in 2 years?
Munu saves 1000,000frs in the bank at 10% per annum, what will be his total interest in 1 year?
