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If a person invests $500 at a compound interest rate of 4% per annum for 2 years
Practice Questions
Q1
If a person invests $500 at a compound interest rate of 4% per annum for 2 years, what will be the total amount?
$520.80
$540.80
$550.00
$560.00
Questions & Step-by-Step Solutions
If a person invests $500 at a compound interest rate of 4% per annum for 2 years, what will be the total amount?
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