ECONOMICS (CBSE/UGC NET)

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ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Nick borrows $9200 at an interest rate of 7% interest for 4 years compounded annually. Calculate the total amount he has to repay
A
2859.32
B
12059.32
C
10000
D
12059
Explanation: 
There is 1 question to complete.
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