Find the amount and compound interest in each of the following cases. P-$32,000 , R-5% per annum T-2years.
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Answer:
here
principal =32000
rate=5%
time=2 years
interest=p*t*r/100
=32000*5*2/100
=3200
or amount= principal plus interest
32000 plus 3200
=35200
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