EXERCISE 8.4
1. Find the amount on a sum of 5000 for 2 years at the rate of 8% p.a. compounded annually
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Answer:
A=5800
Step-by-step explanation:
Interest=principle*rate*time
I=5000*8*2
100
I=50*8*2
I=400*2
I=800
Amount=interest plus principle
A=5000 plus 800
A=5800
Hope this help you mate
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