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A loan of $2000 is taken at a compound interest rate of 6% per annum. What will

Practice Questions

Q1
A loan of $2000 is taken at a compound interest rate of 6% per annum. What will be the amount after 2 years?
  1. $2240
  2. $2120
  3. $2400
  4. $2200

Questions & Step-by-Step Solutions

A loan of $2000 is taken at a compound interest rate of 6% per annum. What will be the amount after 2 years?
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