A man invests a sum of money ($8,000) in a bank that offers a rate of 5%. He invests the money for 2 years. Calculate the amount of money in the bank at the end of the 2-year period if invested at:
(a) simple interest
(b) compound interest.
Question 6 (6 marks)
The diameter of a circle is 10 cm (as shown in the diagram). Use π = 3.14 Calculate to 2 decimal places, the:
(a) circumference
(b) area