What is the compound interest on $2000 at a rate of 10% per annum for 2 years?

Practice Questions

Q1
What is the compound interest on $2000 at a rate of 10% per annum for 2 years?
  1. $400
  2. $220
  3. $242
  4. $200

Questions & Step-by-Step Solutions

What is the compound interest on $2000 at a rate of 10% per annum for 2 years?
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