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If the total amount after 2 years is $1100 from a principal of $1000 at a compou

Practice Questions

Q1
If the total amount after 2 years is $1100 from a principal of $1000 at a compound interest rate of 5%, what is the interest earned?
  1. $100
  2. $110
  3. $120
  4. $150

Questions & Step-by-Step Solutions

If the total amount after 2 years is $1100 from a principal of $1000 at a compound interest rate of 5%, what is the interest earned?
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