\( \definecolor{colordef}{RGB}{249,49,84} \definecolor{colorprop}{RGB}{18,102,241} \)
\(\dollar 1\,000\) is placed in an account that earns \(5\pourcent\) interest per annum (p.a.), and the interest is allowed to compound over two years.
Fill in the compound interest table:
Year Amount Compound interest
0 \(\dollar 1\,000\)
1 \(\dollar\)
2 \(\dollar\)
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Find the amount after 2 years.
dollars