Start learning →

Build compound interest, step by step

Exercise and reference answers

Steps
  1. Start with the principal
  2. Add the first year's interest
  3. The interest joins the base
  4. Charge interest on the new base
  5. The total is the amount due
Instructions
Tap the steps in the order they happen.

Explanation

_Source: syllabus Maths, Ch 7 'Comparing Quantities' (hemh107)_
Continue learning with Quill →

Browse more IBPS Clerk questions and exercises →