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A principal of $5000 is invested at a compound interest rate of 8% per annum. Wh
Practice Questions
Q1
A principal of $5000 is invested at a compound interest rate of 8% per annum. What will be the total amount after 1 year?
$5400.00
$5500.00
$5600.00
$5800.00
Questions & Step-by-Step Solutions
A principal of $5000 is invested at a compound interest rate of 8% per annum. What will be the total amount after 1 year?
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