Apply Question 1: Florence invests £200 for two years at 5% compound interest, paid yearly. Liam says that the interest that Florence will receive will be £20. Is Liam right? © CORBETTMATHS 2017 ! Compound Interest Video 236 on www.corbettmaths.com Question 2: The value of a ...
With Compound Interest, you work out the interest for the first period, add it to the total, and then calculate the interest for the next period.
Interest=11576.25−10000=1576.25=11576.25-10000=1576.25 This interest would be more than the interest compounded annually, as interest compounded half yearly is always more than compounded annually at the same rate of interest. Question 9: Find the amount which Ram will get on Rs 4096, if he...
With Compound Interest, we work out the interest for the first period, add it to the total, and then calculate the interest for the next period