Compound & Simple Interest
Question 1:
Increase £1500 by 9% over 8 years using simple interest.
£2580
Question 2:
Decrease £4800 by 26% over 9 years using compound interest.
£319.39
Question 3:
Increase £4900 by 6% over 5 years using simple interest.
£6370
Question 4:
Decrease £1200 by 6% over 8 years using simple interest.
£624
