SOLUTION: Find the compound interest and the final amount for N15000 for 2years at 5% per annum

SOLUTION: Find the compound interest and the final amount for N15000 for 2years at 5% per annum

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Question 1174341: Find the compound interest and the final amount for N15000 for 2years at 5% per annum
Answer by ikleyn(52794) (Show Source): You can put this solution on YOUR website!
.


(a)  The compound Future value =  = .

         Use your calculator.



(b)  The compound interest = future value MINUS 15000.

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To learn the subject, see the lesson
- Compounded interest percentage problems
in this site.

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