Starting with the same 100 at 10% for three years, the compound intere…

Question

Starting with the same 100 at 10% for three years, the compound interest earned is:

Accepted Answer

B. 33.10

1. The amount grows to 133.10.
2. Subtract the original 100.
3. The compound interest is 33.10.
_Source: syllabus Mathematics, Chapter 8, Comparing Quantities._

Answer

34.10

Answer

30.10

Answer

31.30

Starting with the same 100 at 10% for three years, the compound interest earned is:

Keep practising Simple and Compound Interest