Find the amount for 2000 at 5% per annum compounded annually for 2 years. (a) *2655 (b) * 2215 (c) 2675 (d) *2205
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Answer:
1st year: 2000 X 5/100=100
2nd year: 2100x5/100=105
At the end of 2nd year: 2100+105=2205
Step-by-step explanation:
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