FGV Vestibular Practice Questions - FGV Vestibular (Fundacao Getulio Vargas Undergraduate Admissions Exam) Exam

An investment of R$ 1,000 earns compound interest at 10% per year. What is its value after 2 years?

R$ 1,210 R$ 1,200 R$ 1,100 R$ 1,221

Correct Answer:

R$ 1,210

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