Find the compound interest for the data, when P =`10000, r = 6%, n = 2years, interest compounded annually.
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Step-by-step explanation:
A=p(1+r/100)^2
=10000(1+6/100)^2
=10000(106/100)^2
=10000×106/100×106/100×106/109
=106×106×106/100
=11910.16
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