An amount of 5000 dollars is invested at 10% per annum compounded annually. What is its value after 2 years, in dollars?

Answer and explanation

Correct answer: D. 6050

  1. Step 1: .
Answer
6050.
Why not the others: 6000, 5000 and 11000 don't fit.

Practise more Functions, calculus and probability.

Free questions with an explanation for every one, and full timed Victorian VCE mock tests.

An amount of 5000 dollars is invested at 10%… | Victorian VCE