Question

Shania invest 750 as an interest of 2.5% per year. 4
a) Calculate simple interest for 5 years.
b) Calculate compound interest for 5 years.

Answer 1

Step-by-step explanation:

Shania invest 750 as an interest of 2.5% per year. 4

a) Calculate simple interest for 5 years.

b) Calculate compound interest for 5 years. Shania invest 750 as an interest of 2.5% per year. 4

a) Calculate simple interest for 5 years.

b) Calculate compound interest for 5 years. Shania invest 750 as an interest of 2.5% per year. 4

a) Calculate simple interest for 5 years.

b) Calculate compound interest for 5 years.

Answer 2

Step-by-step explanation:

the principal amount be equal to P. Let the rate at which the interest is levied is equal to R% per annum (per year). let the time for which the amount is lent = T years. Then we can write:

Simple Interest = [{P×R×T}/100]

We can also calculate the Principal amount as P = [{100×(Simple Interest)}/(R×T)].

Similarly, we can write the time T as equal to T