4. Calculate the amount and compound interest on 90,000 at the rate of 4% p.a. compounded annually for 2 years.
STEP By Step EXPLAINASION.
Answers
Answered by
1
Answer:
I = P0r
A = P0 + I = P0 + P0r = P0(1 + r)
I is the interest
A is the end amount: principal plus interest
P0 is the principal (starting amount)
r is the interest rate (in decimal form. Example: 5% = 0.05)
Answered by
0
Answer:
rupees 97344 I = 7344
Step-by-step explanation:
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