1. How much time will it take for 5000 to become 5618 at 6% per annum – InterviewSolution

1.	1. How much time will it take for 5000 to become 5618 at 6% per annum compounded annually?
Answer» 2 YearsStep-by-step explanation:COMPLETE the formula and KEEP on GOING until you get 5618.5000 × (1.06) = 53005000 × (1.06)² = 5618

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