TD - Simple and annual compound interest
QUESTION
The rate of interest is 8%. What will £100 be worth in three years’ time
using
(a) simple interest
(b) annual compound interest.
You may assume that the UK will not join EMU in that time.
QUESTION
The rate of interest is 8%. What will £100 be worth in three years’ time
using
(a) simple interest
(b) annual compound interest.
You may assume that the UK will not join EMU in that time.