compound interest
Principal = 2500
Rate = 12%
Time = 2 years
Answers
Answered by
1
Answer:
636
Step-by-step explanation:
CI = p((1+r/100)^n - 1)
CI = 2500((1+ 12/100)^2 - 1)
CI = 2500(784/625 - 1)
CI = 2500 X 159/629
CI = 636
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