Question

calculate the amount and the compound interest by using the formula for compound interest principal equals to 625 rate of interest equal to 4% per annum time equals to 2 years

Answer 1

Answer:

104

Step-by-step explanation:

625(1+4/100)2

= 625(104/100)(104/100)

=27 X 27

=729

interest = 729-625=104