Question: HOMEWORK: 1- Compare between simple interest & compounded interest from the following information: Py 1000, Interest rate 10% and 2 years. Find out FV for

HOMEWORK: 1- Compare between simple interest & compounded interest from the following information: Py 1000, Interest rate 10% and 2 years. Find out FV for both interests? Q. If you will invest 1000 rial today and after 6 months you will get 1050 Rial. What is the simple interest rate? Answer FV= PRINCIPAL + (PRINCIPAL*INTEREST*TIME) FV = 1050 PV = 1000 Time = 6/12 = 0.5 Interest =

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