If 1,000 is invested for five years at 12 per cent compound per annum, how much interest

Question:

If £1,000 is invested for five years at 12 per cent compound per annum, how much interest is earned over the five years?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Accounting

ISBN: 9780273619826

7th Edition

Authors: Frank Wood, Alan Sangster

Question Posted: