Determine the truth, or otherwise, of the following statement.
The difference between compound and simple interest is:
True
False
If $\$1000$$1000 is invested for $4$4 years with an interest rate of $5%$5% per annum, calculate the final balance, rounded to the nearest cent, if:
If $\$100000$$100000 is invested for $4$4 years with an interest rate of $10%$10% per annum, calculate the final balance, rounded to the nearest cent, if:
If $\$100$$100 is invested for $3$3 years with an interest rate of $6%$6% per annum, calculate the final balance, rounded to the nearest cent, if: