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Calculate the compound interest rate

  • 24-05-2022 2:19pm
    #1
    siochain
    Registered Users Posts: 2,536 ✭✭✭ siochain


    Hi Folks

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

    many thanks

    image.png




Best Answers

Answers

  • #2
    Calahonda52
    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



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