What is the compound interest on $2000 at an interest rate of 6% per annum for 2

Practice Questions

Q1
What is the compound interest on $2000 at an interest rate of 6% per annum for 2 years?
  1. $252
  2. $240
  3. $300
  4. $280

Questions & Step-by-Step Solutions

What is the compound interest on $2000 at an interest rate of 6% per annum for 2 years?
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