ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Emily’s parents put £1, 500 in her bank account for college tuition. At an interest rate of 8.25% compounded semi-annually, what will be the balance after 3 years?
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£2, 273.50
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£1, 514.08
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£2, 040.23
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£1, 911.70
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Explanation:
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