If a person borrows $5000 at a compound interest rate of 6% per annum, what will

Practice Questions

Q1
If a person borrows $5000 at a compound interest rate of 6% per annum, what will be the amount after 2 years?
  1. $5632
  2. $6000
  3. $5300
  4. $5500

Questions & Step-by-Step Solutions

If a person borrows $5000 at a compound interest rate of 6% per annum, what will be the amount after 2 years?
No concepts available.
Soulshift Feedback ×

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

Not likely Very likely