What is the compound interest on $2500 at a rate of 5% per annum for 4 years?

Practice Questions

Q1
What is the compound interest on $2500 at a rate of 5% per annum for 4 years?
  1. $500.00
  2. $600.00
  3. $700.00
  4. $800.00

Questions & Step-by-Step Solutions

What is the compound interest on $2500 at a rate of 5% per annum for 4 years?
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