Asked by Samuel

Find the interest when 150,000 is invested at 5% per annum for 4 years.

3 years ago

Answered by mathhelper

Using simple interest:
int = 150,000*4*.05
= ...
Using compound interest:
int = 150,000(1.05)^4 - 1)
= ...

3 years ago

Answered by Priest

Maths

3 years ago

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