A sum of 4000 is invested to earn compound interest at a rate of 5% per annum

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A sum of £4000 is invested to earn compound interest at a rate of 5% per annum (p.a.).How much Is in the account after 5 years?

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Accounting information system

ISBN: 9781439078570

7th Edition

Authors: James A. Hall

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Posted Date: Nov 15, 2022 01:30 AM

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A sum of 4000 is invested to earn compound interest at a rate of 5% per annum

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After 5 years the account would have 4500 in it Explanation The ... View the full answer

Accounting information system

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