EM-2541
Direct proportion
E Math · Secondary 4 · Easy · Direct proportion
A student invests \$2000 at a fixed interest rate of 3% per year, compounded yearly, for 4 years. Using the compound interest formula, find the total amount at the end of 4 years, correct to the nearest dollar.
- \$2251
- \$2240
- \$2120
- \$2400
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