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Answer:
153.75 is the compound interest
Step-by-step explanation:
p= 1500
t=2years so n=2
r= 5%
A= p(1+R/100)ⁿ
A= 1500 ( 1+ (5/100))²
A= 1500( 1+(1/20))²
A= 1500(21/20)²
A= 1500*(21/20)(21/20)
A= 15 ( 21/2)(21/2)
A= 15*21*21/ 4
A= 6615/4
A=1653.75
compound interest= 1653.75-1500= 153.75
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