Question

A sum of $2000 borrowed at 16% compounded daily for 2 years, state
The periodic rate of interest (i)
Find the future value of the loan at the end of 2 years

Answer 1

Answer:

we know that formula let solve this

in Marathi language

Step-by-step explanation:

1. given , mudhal = 2000 , Darr, 16 and , time , 2 year
2. we konw the formula = m× D×T
3. 100

• = 2000×16× 2
• 100
• = 20×16×2 = 640
• Vyaj = 640

Answer 2

640

i think this is the answer