(3) Two financial institutions BCD LTD and “XYZ LTD” offer 7% and 9% compound interest. A man
invests N150000 in BCD LTD for 3 years and
N85000in XYZ LTD for 2years.
Which gives a higher interest at the end of the
stated period?
(WAEC)
4) A woman invested N7500 for years at 13%
'compound interest per annum. Calculate the
i) Compound interest
ii) Amount remaining if N12315 is draw from the
account