What is the compound interest on $1000 for 2 years at a rate of 6% per annum?

Practice Questions

Q1
What is the compound interest on $1000 for 2 years at a rate of 6% per annum?
  1. $126.00
  2. $120.00
  3. $136.00
  4. $140.00

Questions & Step-by-Step Solutions

What is the compound interest on $1000 for 2 years at a rate of 6% per annum?
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