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If an amount of $1200 is invested at a compound interest rate of 10% per annum,

Practice Questions

Q1
If an amount of $1200 is invested at a compound interest rate of 10% per annum, what will be the amount after 5 years?
  1. $1800.00
  2. $1500.00
  3. $1600.00
  4. $2000.00

Questions & Step-by-Step Solutions

If an amount of $1200 is invested at a compound interest rate of 10% per annum, what will be the amount after 5 years?
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