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Compound Interest and Simple Interest
Questions (3)
Ann deposits $80,000 into an account that pays 2% interest per year compounded annually Jim deposits $80,000 into an account
11 answers
asked anonymously
107 views
Show how you substitute the values into the formula, then use your calculator.
*Use A = P(1+r/n)nt to find the amount of money in
2 answers
asked by
Sylvie
975 views
Mr. X borrowed 8,000 from a bank on compound interest at the rate of 12% per annum for 3 years and loaned it on simple interest
1 answer
asked by
Sarah
53 views
Parent Categories (3)
Financial Mathematics
Interest
Interest Rates
