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A sum of $1500 is invested at a compound interest rate of 7% per annum. What wil

Practice Questions

Q1
A sum of $1500 is invested at a compound interest rate of 7% per annum. What will be the amount after 1 year?
  1. $1605.00
  2. $1550.00
  3. $1575.00
  4. $1650.00

Questions & Step-by-Step Solutions

A sum of $1500 is invested at a compound interest rate of 7% per annum. What will be the amount after 1 year?
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