What is the compound interest on $5000 at a rate of 10% per annum for 2 years?

Practice Questions

Q1
What is the compound interest on $5000 at a rate of 10% per annum for 2 years?
  1. $1000
  2. $1100
  3. $1200
  4. $1210

Questions & Step-by-Step Solutions

What is the compound interest on $5000 at a rate of 10% per annum for 2 years?
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