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If a bank offers 5% interest per annum, how much interest will be earned on a de

Practice Questions

Q1
If a bank offers 5% interest per annum, how much interest will be earned on a deposit of $1,000 after 2 years?
  1. 100
  2. 50
  3. 75
  4. 200

Questions & Step-by-Step Solutions

If a bank offers 5% interest per annum, how much interest will be earned on a deposit of $1,000 after 2 years?
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