If a person invests $1000 at a compound interest rate of 8% per annum, what will

Practice Questions

Q1
If a person invests $1000 at a compound interest rate of 8% per annum, what will be the amount after 1 year?
  1. $1080
  2. $1000
  3. $1100
  4. $1200

Questions & Step-by-Step Solutions

If a person invests $1000 at a compound interest rate of 8% per annum, what will be the amount after 1 year?
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