Activity 4: Test Your Knowledge Directions. Answer the following problems un simple and compound interest. by following the step by step procedure as shown in the examples 1. Find the simple interest on a loon of 95 000 if the Soan is given at a Tate of 15% and is due in 3 years.
2. Find the future valian and the compound interest if 50 000 in compounded annually at an interest rate of 2% in 5 years
3. Peter borrowed P 100 000 at accompounded annually. How much will be he paying after 2 year?
4. The simple interest of an investiment is P4500. Find the present value if the interest rate in 5% annually for 5 years
5. Lorna will receive 21 500 from her investment after 10 years at 12% compounded annually. Find the present value.​