If a person invests $1000 at an interest rate of 5% per annum, how much interest

Practice Questions

Q1
If a person invests $1000 at an interest rate of 5% per annum, how much interest will he earn in 3 years under compound interest?
  1. $150
  2. $157.63
  3. $160
  4. $165

Questions & Step-by-Step Solutions

If a person invests $1000 at an interest rate of 5% per annum, how much interest will he earn in 3 years under compound interest?
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely