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If a bank offers 5% interest per annum, how much interest will be earned on a pr

Practice Questions

Q1
If a bank offers 5% interest per annum, how much interest will be earned on a principal of $2000 in 2 years?
  1. 200
  2. 100
  3. 150
  4. 250

Questions & Step-by-Step Solutions

If a bank offers 5% interest per annum, how much interest will be earned on a principal of $2000 in 2 years?
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