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If a person invests $1000 in shares at a compound interest rate of 5% per annum,

Practice Questions

Q1
If a person invests $1000 in shares at a compound interest rate of 5% per annum, what will be the amount after 2 years?
  1. $1102.50
  2. $1050.00
  3. $1200.00
  4. $1150.00

Questions & Step-by-Step Solutions

If a person invests $1000 in shares at a compound interest rate of 5% per annum, what will be the amount after 2 years?
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