Compound & Simple Interest
Question 1:
Increase £2900 by 34% over 8 years using compound interest.
£30146.46
Question 2:
Decrease £4800 by 10% over 8 years using simple interest.
£960
Question 3:
Increase £4800 by 8% over 7 years using simple interest.
£7488
Question 4:
Decrease £700 by 46% over 9 years using compound interest.
£2.73