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COMPOUND INTEREST
e.g. (1) Find the compound interest on $900 for 2 years at 5 % per annum
(1) Find the Compound Interest on $3000 for 3 years at 12 % per annum.
(4) If the value of land increases in value (appreciates) by 14 % every year, what is
the present value of a plot of land which cost $30,000 2 years ago?
(5) A rare postage stamp which cost $5.00 appreciates by 10% every year. How much
will it be worth 3 years from now?
(6) A house was bought for $70,000. If the value of the house is expected to
appreciate at a rate of 3 % per annum, how much will it be worth in two years
time?