ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Jacob borrows $500 from Abraham for 5 years with an interest rate of 2.5% compounded annually. What will be the total amount that Jacob owes?
A
$565.70
B
$262609.38
C
$65.70
D
$630.20
Explanation: 
There is 1 question to complete.
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