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What is the total amount accumulated after three years if someone invests $1,000 today with a simple annual interest rate of 5 percent? With a compound annual interest rate of 5 percent?a)$1,150, $1,103b)$1,110, $1,158c)$1,150, $1,158d)$1,110, $1,103Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is the total amount accumulated after three years if someone invests $1,000 today with a simple annual interest rate of 5 percent? With a compound annual interest rate of 5 percent?a)$1,150, $1,103b)$1,110, $1,158c)$1,150, $1,158d)$1,110, $1,103Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the total amount accumulated after three years if someone invests $1,000 today with a simple annual interest rate of 5 percent? With a compound annual interest rate of 5 percent?a)$1,150, $1,103b)$1,110, $1,158c)$1,150, $1,158d)$1,110, $1,103Correct answer is option 'C'. Can you explain this answer?.

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