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A person invests $1000 at a rate of 5% per annum compounded annually. What will

Practice Questions

Q1
A person invests $1000 at a rate of 5% per annum compounded annually. What will be the amount after 2 years?
  1. $1100
  2. $1050
  3. $1025
  4. $1150

Questions & Step-by-Step Solutions

A person invests $1000 at a rate of 5% per annum compounded annually. What will be the amount after 2 years?
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