An amount of money appreciates to 7,000 after 4 years and to 10,00 – McqOptions

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1.	An amount of money appreciates to 7,000 after 4 years and to 10,000 after 8 years at a certain compound interest compounded annually. The initial amount of money was
A.	4,700
B.	4,900
C.	4,100
D.	4,300
Answer» C. 4,100

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