Simple and Compound Interest
 

Simple and Compound Interest problem 1


In a bank, to save funds for 3 months is at an interest rate of 3.9%, for a period of 3 to 6 months is at an interest rate of 4.6%, from 6 to 9 months is at an interest rate of 5.8% and for a period of 9 to 12 months at is at interest of 6.8%. How much interest will be paid on for a period of:


  • 4 months?

  • 10 months?


 

material editor: Anot Alawiye