Compound interest accumulates over time while e simple interest stays constant?
Munu saves 1000,000frs in the bank at 10% per annum, what will be his total interest in 1 year?
Assouga saves 100,000frs in the bank at 6% per annum, what will be his total interest in 2 years?
Manyi saves 100,000frs in the bank at 6% per 6 months simple interest, what will be her total interest in 2 years?
Between simple and compound interest, which will produce a greater interest at the end of the fifth period?
