Compound & Simple Interest
Question 1:
Increase £3100 by 7% over 9 years using simple interest.
£5053
Question 2:
Increase £4200 by 11% over 5 years using simple interest.
£6510
Question 3:
Increase £3400 by 7% over 7 years using simple interest.
£5066
Question 4:
Increase £1500 by 43% over 4 years using compound interest.
£6272.42
