Multiple Choice
Which formula would be appropriate to determine the final amount for an investment compounded annually?
Which of the following is the correct formula for calculating simple interest?
If you invest Taka 5000 at a simple interest rate of 5% per year for 3 years, how much interest will you earn?
What does the term $(1 + r)^n$ in the compound interest formula represent?
If the principal amount ($P$) is Taka 10000, the interest rate ($r$) is 5% per year, and the investment is for 2 years, what's the compound interest earned?
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