Compound & Simple Interest
Question 1:
Increase £2000 by 35% over 6 years using compound interest.
£12106.89
Question 2:
Increase £2600 by 34% over 4 years using compound interest.
£8382.87
Question 3:
Increase £700 by 20% over 3 years using simple interest.
£1120
Question 4:
Increase £800 by 5% over 7 years using simple interest.
£1080