Compound Interest Questions part 1
1) Calculate the compound interest on investing $700 for 2 years at 8% per annum
2) Calculate the compound interest on investing $800 for 3 years at 12% per annum
3) Calculate the compound interest on investing $9450 for 4 years at 13% per annum
4) Calculate the compound interest earned when $15850 is invested for 5 years at 9% per annum
5) Which is the better investment?
a) $1350 at 7% simple interest for 3 years
b) $1350 at 6% compound interest for 3 years
2 comments
crecean biscombe - October 3, 2013 5:26 pm
this is very helpful to us the students
leandi gilbert - October 6, 2013 8:32 pm
this a good way to show students that u care about them and it will help us improve if we really want to because we have to be willing to help our selves first