how to solve compound interest questions. A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015. T 5 years.
There you have it. The formula for Compound Amount. Which is basically the simple interest upon x.
Compound interest problems with answers and solutions are presented.
1210 -1 R100. It is easiest to break this down into steps. Finally for quarter 4. 50000 is borrowed and the rate of interest is 10 per annum.