find the compond interest 23000 @5% for 2years find compound interest
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P=23000
R=5 PERCENT
T = 2 YEARS
A= P(1+R/100)^N
A= 23000(1+5/100)^2
A= 23000(1+1/20)^2
A= 23000*21/20 *21/20
A= 57.5*441
A= 25367.5
CI= A-P
CI= 25367.5 - 23000
CI= 2367.5
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