7 Tanla borrows 4100 00 for 9 years at 5 9 per annum

Last updated: 6/5/2023

7 Tanla borrows 4100 00 for 9 years at 5 9 per annum compounded semi annually 2 marks How much interest is paid over the life of the loan 8 3 Which is the better investment for 8 years 1500 compounded monthly at 4 8 or 1500 compounded semi annually at 4 9 How much more does the better investment 3 marks earn 3 marks