An amount of 5000 dollars is invested at 20% per annum compounded annually. What is its value after 3 years, in dollars?

Answer and explanation

Correct answer: C. 8640

  1. Step 1: .
Answer
8640.
Why not the others: 8000, 5000 and 18000 don't fit.

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An amount of 5000 dollars is invested at 20% per… | NSW HSC