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What is the compound interest on $1200 at a rate of 7% per annum for 5 years?

Practice Questions

Q1
What is the compound interest on $1200 at a rate of 7% per annum for 5 years?
  1. $420.00
  2. $450.00
  3. $430.00
  4. $440.00

Questions & Step-by-Step Solutions

What is the compound interest on $1200 at a rate of 7% per annum for 5 years?
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