Simple Interest:
Interest= Principal x (rate%) x time
Compound Interest:
Amount= Principal x (1+ rate%)^n
Interest = Amount - principal
1. Mr.Wong invests $5000 for 2 years at 6% p.a.
(a) Find the simple interest
(b) Find the compound interest he will obtain if the interest is compounded
(i) yearly
(ii) half-yearly
(iii)quarterly
更新1:
想問下咩叫 p.a. ??