find Compound Interest - on 6250 at 16 percent p. a. for 2 yrs compounded annually
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P=6250
A=P(1+r/100)^2
=6250*(1+16/100)^2
6250*116/100*116/10
=8410
Ci=8410-6250=2160
A=P(1+r/100)^2
=6250*(1+16/100)^2
6250*116/100*116/10
=8410
Ci=8410-6250=2160
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2
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