What is the compound interest on $3000 for 1 year at a rate of 5%?

Practice Questions

Q1
What is the compound interest on $3000 for 1 year at a rate of 5%?
  1. $150.00
  2. $200.00
  3. $180.00
  4. $160.00

Questions & Step-by-Step Solutions

What is the compound interest on $3000 for 1 year at a rate of 5%?
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