Question

Find the amount and the compound interest on 2000 at 10% p.a. for 5/2 years,
compounded annually.
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Answer 1

Step-by-step explanation:

p=2000,r=10 percent,time=5/2so, as we know that the formula is a=p(1+r/100)^5/2 = a=2000(1+10/100)= a=2000*11=22,000is amount