What is the total amount after 3 years if $1000 is invested at a compound intere

Practice Questions

Q1
What is the total amount after 3 years if $1000 is invested at a compound interest rate of 4% per annum?
  1. $1124.86
  2. $1100.00
  3. $1150.00
  4. $1200.00

Questions & Step-by-Step Solutions

What is the total amount after 3 years if $1000 is invested at a compound interest rate of 4% per annum?
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