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e ws resporse. Question 3 A total of Dh 34 500 was invested at an annual interest rate of 5.5 % compounded annually. What wil
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Answer #1

Option 1

Year

Principal

Compound Value = Principal*(1+interest rate)^number of year

1

34500.0

36397.50

2

36397.50-20000=16397.5

17299.36

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