Compound & Simple Interest
Question 1:
Increase £3100 by 48% over 7 years using compound interest.
£48216.28
Question 2:
Increase £3900 by 7% over 7 years using simple interest.
£5811
Question 3:
Decrease £2200 by 11% over 7 years using simple interest.
£506
Question 4:
Increase £2000 by 15% over 10 years using compound interest.
£8091.12
