at the end of 8 years?
6. What sum will amount to 23600 at 9% per annum at the end of 2 years?
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Answer:
A=P(1+R/100)^N
A=23600(1+9/100)^2
A=23600*109/100*109/100
A=2.36*109*109
A=28039.16
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