Mathematics · Compound Interest
The compound interest on a sum of ¹7,500 for 2 years at 4% per annum, compounded annually, is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1¹515
- 2¹612✓
- 3¹750
- 4¹850
Correct answer
¹612
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