What is the compound interest on $1500 at a rate of 12% per annum for 2 years?

Practice Questions

Q1
What is the compound interest on $1500 at a rate of 12% per annum for 2 years?
  1. $360.00
  2. $400.00
  3. $450.00
  4. $500.00

Questions & Step-by-Step Solutions

What is the compound interest on $1500 at a rate of 12% per annum for 2 years?
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