A person invests Rs. 200 at the end of every year which gives him 5% interest. What is the future value of this investment after 2 years?
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You did not specify how to find, simple or compound?
Let's suppose simple interest, then,
200*5*2/100 = 20 = Simple Interest
Therefore, Amount = SI + P = 20 + 200 = 220.
Hope it helps.
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