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

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

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

The simple interest on 150,000frs in 2 years at 4% rate per annum 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?

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