Activity 2: Compare and Contrast:
Study the given table, note the differences and similarities you can have as you
compare them if 10% is the rate used for an amount of 100 invested for 8 years. You
can write on additional sheet of paper if space is not enough,
Simple Interest
Compound, Interest
Year Principal Interest
Year
Principal Interest
1
100
10
1
100
10
2
100
10
2
110
11
3
100
10
3
121
12.1
4
100
10
133.1
13.3
5
100
10
5
146.4
14.6
6
100
6
161.1
16.1
7
100
10
7
177.2
17.7
8
100
10
194.9
19.5
Total 80
Total 114.3
Similarities:
Differences:​