Asked by Samuel
Find the interest when 150,000 is invested at 5% per annum for 4 years.
Answers
Answered by
mathhelper
Using simple interest:
int = 150,000*4*.05
= ...
Using compound interest:
int = 150,000(1.05)^4 - 1)
= ...
int = 150,000*4*.05
= ...
Using compound interest:
int = 150,000(1.05)^4 - 1)
= ...
Answered by
Priest
Maths
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