A sum of money is invested at a rate of 10% per annum compound interest. How muc

Practice Questions

Q1
A sum of money is invested at a rate of 10% per annum compound interest. How much will it amount to in 2 years if the principal is $1000?
  1. $1100
  2. $1200
  3. $1210
  4. $1300

Questions & Step-by-Step Solutions

A sum of money is invested at a rate of 10% per annum compound interest. How much will it amount to in 2 years if the principal is $1000?
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