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Compound interest (extension)

DIFFICULTYintrostandardchallengeexam
QUESTION TYPEMix of allChange
Find the total loan amount owedFind the final investment amountFind the total interest chargedFind the total interest earnedNOWMix of allRecommended
Question 1 of 8

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An investment earns annual compound interest. There are no other deposits, withdrawals or fees

Principal$2600.00
Annual rate6% p.a.
Term2 years
1 mark

How much interest is added over the term?

Format: Nearest cent