A certain sum amounts to 2,970.25 in two years at 9% per annum compounded
annually. Find the sum.
Answers
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3
Answer:
56325.25
Step-by-step explanation:
I=PTR/100
I=2970.25 .2 .9/100
29702500 .2 .9/10000
297.25 . 18
= 5355
sum= 2970.25+5355=56325.25
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