Math, asked by prince6875, 10 months ago

9. Ccompound interest on
$20,000 for 2 years at 10% per annum
when the interest is compounded annually.

Answers

Answered by 05shoponline

6

Answer:

Step-by-step explanation:

CI=P(1+r/100)^n - P

=20000(1+10/100)² - 20000

=20000(1+1/10)²- 20000

=20000(11/10)² - 20000

=24200 - 20000

=4200

Ans =$4200

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