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Calculate the compound interest rate

  • 24-05-2022 2:19pm
    Registered Users Posts: 2,536 ✭✭✭ siochain

    Hi Folks

    would anyone know the formula and working example of the below question?

    many thanks

Best Answers


  • Registered Users Posts: 11,281 ✭✭✭✭ Calahonda52

    Its obviously a multiple choice. answer is 10%

    1 *1.1= 1.1

    1.1*1.1 = 1.21

    1.21*1.1 = 1.331