Question

calculate amount and CI annually

P=5000
T=5%
R=2years​

Answer 1

Step-by-step explanation:

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Answer 2

CI = P + (1+R/100)^T

CI = 5000 + ( 1 +5/100 )^2

= 5000 + ( 51/50 )^2

= 2 + 2601

= 2603