Question

find the amount when the interest is compounded annually. p=1200,r=4%,p.a,n=2years​

Answer 1

Step-by-step explanation:

A= P*(1+R/100)^2

A=1200(1+4/100)^2

=1200(1+2/25)^2

=1200(25+2/25)^2

=1200*27/25*27/25

=1399.68

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